Describe an REA Data Model

question 33

Essay

Describe an REA data model.

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Definitions:

Traveler's Check

A preprinted, fixed-amount check designed to allow the person signing it to exchange it for cash in a foreign currency while traveling.

Conference Expenses

Costs associated with attending or hosting a professional gathering, including travel, accommodation, and registration fees.

Forwarding Address

An address where mail is sent after the recipient has moved from their previous location, ensuring the mail reaches the correct party.

Voucher Checks

A type of check that includes details of the rationale for the check's issuance and the accounts to be charged.