Which of the Statements Below Is False When Comparing the REA

question 69

Multiple Choice

Which of the statements below is false when comparing the REA model to the traditional AIS model?

• A)Traditional AISs contain only data about the financial aspects of transactions.
• B)A major advantage of the REA data model is that it integrates non-financial and financial data in the AIS and makes both types of data easily accessible to management.
• C)In the REA model,many financial statement items can be displayed by querying a single table.
• D)Accounts in the traditional AIS are analogous to resources in the REA-based relational database.

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Definitions:

Holder in Due Course

A legal term referring to a person who has acquired a negotiable instrument in good faith for value and without notice of any defects in title.

Parties

Individuals or entities involved in a legal proceeding, contract, or agreement.

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money from the drawer's account to the person or entity in whose name the check has been issued.

Notes

are written promises to pay a specified amount of money, either on demand or at a set time, to the person named on the document or to their bearer.