The first step in developing an REA diagram for a specific transaction cycle begins with identifying
A)relevant events.
B)agents involved.
C)resources affected.
D)relationship cardinalities.

Question

Quizplus · Accepted Answer

The first step in developing an REA diagram for a specific transaction cycle is to identify the relevant events, such as sales, purchases, and payments. These events are the key drivers of the transaction cycle and help define the flow of resources and information within the system. The other elements, such as agents involved, resources affected, and relationship cardinalities, are all important, but they are typically identified after the events have been identified.

The First Step in Developing an REA Diagram for a Specific