Oracle
1Z0-516 · Question #132
Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have a remaining balance. What would be the…
The correct answer is C. Natural accounts were defined with an incorrect account type. See the full explanation below for the reasoning.
Question
Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have a remaining balance. What would be the likely cause of these remaining balances?
Options
- ANatural accounts were defined as parent values.
- BNatural accounts were defined to not allow posting.
- CNatural accounts were defined with an incorrect account type.
- DNatural accounts were defined to store both statistical and monetary values.
How the community answered
(65 responses)- A2% (1)
- B6% (4)
- C82% (53)
- D11% (7)
Community Discussion
No community discussion yet for this question.