Question

In: Accounting

What type of event is a customer order A. Investigation Event B. Mutual Commitment Event C....

What type of event is a customer order

A. Investigation Event

B. Mutual Commitment Event

C. Economic Decrement Event

D. Economic Increment Event

E. Economic Reversal Event

Solutions

Expert Solution

  • Investigation event : It is an event in which the activities of the business are being investigated. These activities are being investigated internally and externally. Production event is being investigated internally.
  • Mutual commitment event : It is the event of commitments between enterprise and partners of external business enterprise. Since there is a mutual commitment between them it is known as mutual commitment event . It is a type of event in customer order as the supplier agrees to provide the goods and services to the enterprise based on the commitment .
  • Economic Decrement event : An event which results in the consumption results in decrement of resources.
  • Economic Increment event : An event which results in the production results in increment of resources.
  • Economic Reversal event : It is a combination of economic incremental reverse event and economic decremental reverse event.

​​​​​​​So, Mutual commitment event is a type of customer order event .

ekkarill92 answered 1 year ago
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