Question: There are differences between a REA diagram and an ER diagram. In a paper, describe at least 3 differences and 3 similarities between the two

There are differences between a REA diagram and an ER diagram. In a 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

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