On March 31, 2020, after the sale of goods worth Rs.2,000, he is left with the closing inventory of Rs.6,000. This is
A. An event.
B. A transaction.
C. Neither transaction nor event
D. A transaction as well as an event.
Answer:A
On March 31, 2020, after the sale of goods worth Rs.2,000, he is left with the closing inventory of Rs.6,000. This is
A. An event. B. A transaction. C. Neither transaction nor event D. A transaction as well as an event.
Explanation: An event might be either Financial nature or Non-financial nature and also it may or may not have an impact on financial records.