Oracle
1Z0-516 · Question #102
ABC.com has a calendar with 12 monthly periods. Their fiscal year is the calendar year. ABC.com uses Average Balance Processing. ABC.com's Accrual category is defined with Autoreversal, with the…
The correct answer is C. next business day in the same period or next period based on transaction calendar. See the full explanation below for the reasoning.
Question
ABC.com has a calendar with 12 monthly periods. Their fiscal year is the calendar year. ABC.com uses Average Balance Processing. ABC.com's Accrual category is defined with Autoreversal, with the reversal period as the Next Day, and an effective date rule of Roll. An accrual journal entered on 29-Apr-05 will be reversed on the _____.
Options
- Anext day in the same period
- Bfirst day of the next period
- Cnext business day in the same period or next period based on transaction calendar
- Dnext business day in the same period
How the community answered
(46 responses)- A4% (2)
- B13% (6)
- C80% (37)
- D2% (1)
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