Each event in an REA model will in most cases have at least one ________ agent and one ________ agent involved with the event.
A)internal;resource
B)external;entity
C)internal;employee
D)internal;external

Question

Quizplus · Accepted Answer

The internal agents are the resources, such as equipment, inventory, cash, etc., while the external agents are the entities, such as customers, suppliers, creditors, etc. Therefore, each event in an REA model will have at least one internal (resource) agent and one external (entity) agent involved in the event. Thus option D is the correct answer.

Each Event in an REA Model Will in Most Cases