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Oracle

1Z0-516 · Question #323

Identify two correct statements regarding a primary ledger. (Choose two.)

The correct answer is B. A primary ledger is the main record-keeping ledger. C. Multiple legal entities can be linked to one primary ledger. See the full explanation below for the reasoning.

Question

Identify two correct statements regarding a primary ledger. (Choose two.)

Options

  • ADefining a primary ledger is not mandatory.
  • BA primary ledger is the main record-keeping ledger.
  • CMultiple legal entities can be linked to one primary ledger.
  • DMultiple primary ledgers can be linked to one secondary ledger.
  • EMultiple primary ledgers are required for one accounting setup always.

How the community answered

(36 responses)
  • A
    6% (2)
  • B
    72% (26)
  • D
    14% (5)
  • E
    8% (3)

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Full 1Z0-516 Practice