On March 31, 2006 after sale of goods worth Rs. 2,000, he is left with the closing stock of Rs. 10,000. This is
  • a)
    An event.
  • b)
    A transaction.
  • c)
    A transaction as well as an event.
  • d)
    Neither a transaction nor an event.
Correct answer is 'A'. Can you explain this answer?

CA Foundation Question

Ananya Mishra answered Nov 20, 2018
An event is a result or consequesnce of a transaction.
As we can see in this question, after sale of good of rs. 2000 , a stock of rs.10,000 is remained.So its a result after completing the transaction of rs.2000.
Hence its an event.hope it helps u...

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