Identify the item below that would be classified as an event by the REA data model.
A)An IOU from a customer.
B)The customer.
C)A customer sale.
D)A loan from a vendor.

Question

Quizplus · Accepted Answer

A customer sale would be classified as an event in the REA data model as it involves an exchange of goods or services for money. The other options are not events but rather resources or commitments.

Identify the Item Below That Would Be Classified as an Event