The REA Approach

There are differences between a REA diagram and an ER diagram. In a 1-2 paper, describe at least 3 differences and 3 similarities between the two diagrams.

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The paper should include the following: (ORIGINAL WORK)

1. An explanantion of what each acronym stands for and why

2. Effects (of both REA and RE diagrams) on company’s financial statements.

3. Implications of sing one diagram over the other and vice versa.

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