An internal event refers to an activity that is related to functions of the company, whereas an external event refers to transactions with other parties.
Difference between internal and external events
As the name suggests, an internal event refers to something that happens inside the company itself, that is, some activity related to the company's functions.
On the other hand, an external event comes from the outside, which means it refers to activities that involve third parties, such as other companies. Both types of events affect the company's finances.
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