With Respect to REA Models,which of the Following Statements Is

question 30

Multiple Choice

With respect to REA models,which of the following statements is NOT true?

• A)REA models the exchanges in the various processes in an organisation and brings these exchanges together to form an enterprise system.
• B)REA models concern the developing of the dualities between resources,events and agents.
• C)REA models assists the development of database structures that can be used to capture the details of a business process.
• D)REA models have been implemented in actual accounting systems in practice.

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Definitions:

Public Exhibition

An event where items, artworks, or presentations are displayed to the general public.

Pension Liability

The total amount of money a company is obligated to pay to its employees' pension funds in the future.

Actuary

A professional who analyzes financial risk using mathematics, statistics, and financial theories, particularly in the insurance and finance industries.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.