The REA model shows what is given and what is taken in a business exchange.

Name: The REA model shows what is given and what is taken in a business exchange.
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The REA model is a conceptual framework used in accounting and business information systems. It shows the resources (what is given) and events (what happens) that occur in a business exchange, as well as the agents (who is involved) and their relationships. It is used to help design and implement effective accounting and information systems.

The REA Model Shows What Is Given and What Is