Internal events are taken place within the company and external events are with outsiders of the company. Internal events affect organisation internally and it is happened due to some internal factors and 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 if affect then write two accounts which are affected.

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Chapter 3, Problem 3.1P

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 is happened due to some internal factors and 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 if affect then write two accounts which are affected.

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