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er) Weer | ale By ie po commie ent tet an ety ring Dee case Inventory ie perchased trom 2 supplies Gmc tank Afeedearysaarchiuse. A new contact signed withthe won, of comoquence to an ent Inshore» happen EXTERNAL AND INTERNAL EVENTS Mipsis fect enti intemal and external deleted creat inc ieracion beencen the ents andi For example, the peymen of wages to an employee i an exter mbes cmscaer Ai iaeral event occurs eirly within the entity. The we of a piece of equip ‘meat an itera ve Weal us the tern transaction to refer to any event, external Breage fc ates is necessary to fecogize an event inthe records? Are ll economic evens ‘rcogazed an transactions by the accountant? The answers to these ues Petite concept of masnarment An event must he measured to he re HGS res are relatively cay to mesure: the puyol or the week, the or (Pelpmentdeasope by an earthquake, or the sales for the day, Now THE ROLE OF SOURCE Documents IN RECORDING TRANSACTIONS aaa ‘The Fest spin the recording process i idenifation A busines needs a syste of sowee documents in ae Ee ‘

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