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What economic events affect The accounting equation?
Economic event is the 'Name of transaction where monetory values are involves"
What is an economic event or condition that directly changes an entity's financial condition or directly affects its results of operations?
A Business Transaction ;)
What event in 1991 led to an economic crisis in Cuba?
The collapse of the Soviet Union led to the economic crisis of 1991 in Cuba. This was due to the close ties between Cuba and the Soviet Union.
What was the main economic event in Ancient Athens?
pooping yourself
What 1929 event aggravated the economic decline in the US?
the Great Depression
Difference between business transaction and personal transaction?
I made a research and it says that: Business transaction is a economic activity or event that initiates the accounting process of recording it in the firm's accounting system while personal transaction means is a set of custom fields grouped together into a specific transaction type ad linked into a role. -Internet, Wikipedia
What is the difference between transaction and event?
in transition the states are changed from one state to another but in event the signals are changed or trigered with respect to that signal.
What economic events affect The accounting equation?
Economic event is the 'Name of transaction where monetory values are involves"
All events are transactions but all transaction are not events question and its ans?
The statement "All events are transactions but all transactions are not events" highlights the distinction between the two concepts. An event refers to any significant occurrence that can be recorded, while a transaction specifically involves the exchange of value or the transfer of assets between parties. For example, a sale (transaction) is an event, but not all events, such as a meeting or a birthday party, involve a transaction. Thus, while every event can be viewed as a transaction in a broader sense, not every transaction qualifies as an event.
What is an economic event or condition that directly changes an entity's financial condition or directly affects its results of operations?
A Business Transaction ;)
What is the difference between a likely event and a likely event?
the same
What is the difference between event and method?
this is not the way to question me when i question you ..... and the major difference between event and method is that event starts with alphabet E and method starts with alphabet M ok.....
What is the difference between a likely event and an unlikely event?
It is more LIKELY to have a likely event than a UNLIKELY event.
What is the difference between an event organizer and a venue?
event organizer - organises an event venue - is where an event is planned to occur
What is the difference between likely event and an unlikely event?
One doesn't have *un* at the start.
Economic event that is not a business transaction?
There is a plethora of "economic events" that are not (necessarily) business transactions. A supervisor taking his/her employees to lunch on his own dime is not a business transaction, but it obviously affects (and is often affected by) the economy. If what you mean by this is to list economic events that are not recorded by the bookkeeping process, then the answer might be a little more specific. Hiring of employees is not recorded on the general ledger. Promoting or giving raises to those employees would not be recorded as such on most general ledgers (although the "salaries payable" column will obviously be affected by such an economic event).
What is the difference between cash-based and accrual-based accounting?
under cash base system of accounting/book keeping transaction is recorded in the books of accounts when actually cash received or paid relevant to the transaction, whereas, in accrual Base system of accounting there is not any compulsion to actually receive or pay cash before recording the transaction in the books of accounts but only evidence of an event is needed to record it!
