Question

At the end of financial year after sale of goods worth Rs 2,00,000 there was a closing
stock of Rs 10,000. This is:
D) An event
6) A transaction
ic) A transaction as well as any vent
(d) Neither a transaction nor an event
​

Answer 1

It is an event.

Explanation:

Closing stock is a 'current asset'. An event can be internal or external. This is an internal. In financial statement, event can't enter.