A good bookkeeping course should thoroughly introduce the basics of bookkeeping, including the meaning and definition of bookkeeping, the elements of bookkeeping, and the advantages of bookkeeping. The transaction is nothing but business activity, that can be expressed in monetary terms, while an event is just the ultimate result of the transaction.Bookkeeping is an essential skill for any small business owner, and the right bookkeeping course can provide the knowledge and tools necessary to make sound financial decisions. Therefore, it is right to say, all transactions are events, but all events are not transactions because to become a transaction, an event must be of financial nature. The purchasing and selling that took place between the two business entities is a transaction, while the reduction in stock and profit earned is an event.
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