Developing an REA diagram for a specific transaction cycle consists of steps.The first step involves
A)Identifying events
B)Identifying agents
C)Identifying resources
D)Identifying cardinality

Question

Quizplus · Accepted Answer

The first step in developing an REA diagram for a specific transaction cycle is identifying events. This involves identifying the activities or transactions that occur within the cycle, such as sales, purchases, inventory transfers, and payments. Once the events have been identified, the next steps involve identifying the agents, resources, and cardinality associated with each event.

Developing an REA Diagram for a Specific Transaction Cycle Consists