Describe at least 3 differences and 3 similarities between REA diagram and an ER diagram..
There are differences between a REA diagram and an ER diagram. In a 1-2 page paper, describe at least 3 differences and 3 similarities between the two diagrams.
Your paper should include the following:
- An explanation of what each acronym stands for and why
- Effects (of both REA and ER diagrams) on company’s financial statements
- Implications of using one diagram over the other and vice versa