Solution

In accounting, an event refers to any transaction or occurrence that has an impact on the financial position or performance of a company. Events can be broadly classified into two categories:

1. External events: These are events that originate outside the company, such as the purchase of goods or services, sale of products, or receipt of payments from customers.
2. Internal events: These are events that originate within the company, such as the issuance of stocks, payment of dividends, or depreciation of assets.