Identify which of the following would be recorded as external events, recorded as internal events, or not recorded.
-The company takes a count of the raw materials inventory and finds that an adjustment is needed.
A)Internal event
B)External event
C)Not recorded

Question

Quizplus · Accepted Answer

The adjustment of raw materials inventory based on a count is an internal event as it involves changes within the company.

Identify Which of the Following Would Be Recorded as External