what' is event. from accountancy ?
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An accounting event is a transaction that is recognized in the financial statements of an accounting entity. ... Examples of accounting events include such things as recording the depreciation of an asset, the payment of dividends to investors, the purchase of materials from a supplier, and the sale of goods to a customer.
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Events such as natural disasters may be recorded as accounting events if they damage a company's property and other assets because the damage can be assigned a monetary value.
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