Internal events are taken place within the company and external events are with outsiders of the company. Internal events affect organisation internally and it happens due to some internal factors, whereas external events affects organisation from outside. To Classify: Whether the transaction is internal event or external event and each event would affect account or not and if it affects then write two accounts which are affected.

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Chapter 3, Problem 3.1AP

To determine

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Internal events are taken place within the company and external events are with outsiders of the company. Internal events affect organisation internally and it happens due to some internal factors, whereas external events affects organisation from outside.

To Classify: Whether the transaction is internal event or external event and each event would affect account or not and if it affects then write two accounts which are affected.

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