All transactions are event but all events are not transaction explain with example
Answers
Event may or may not require two or more persons but transactions require atleast 2 persons. Events may not bring financial change but transactions definitely bring financial change. Events are not recorded in accounting books but transactions are recorded in accounting books. Events may not be supported by evidence but transactions must definitely be supported by vouchers or other evidence.
Explanation:
event are two kinds
1. Financial.........Transaction
2 .Nonfinancial......Notransaction
therefore ,transaction exist between two or more men it involves financially.So we called it event but event exist one or more men
which occur with one men can not called transaction ..So all transactions are event but all events are not transaction
Explanation: