REA database modelling is based on the premise that:
A)revenues,expenses and accrual items need to be identified for effective modelling
B)in every exchange in a process there is a revenue,event and agent involved
C)in every exchange in a process there is a resource,event and agent involved
D)none of the options are correct

Question

Quizplus · Accepted Answer

REA database modelling is based on the concept of resources, events, and agents. It assumes that every exchange in a business process involves these three elements. Resources refer to things of economic value that the organization controls, events refer to the activities that affect resources, and agents refer to the people or entities that participate in events. This model is used to identify the essential components of a business process and to represent them in a relational database.

REA Database Modelling Is Based on the Premise That