Oracle
1Z0-516 · Question #419
You have transferred, closed, and reconciled all subledgers. The sales manager informs you about a material transaction that was completed on the last business day of the closing period. Select the…
The correct answer is D. Recording a manual accrual journal in the current period and reversing the journal in the next. See the full explanation below for the reasoning.
Question
You have transferred, closed, and reconciled all subledgers. The sales manager informs you about a material transaction that was completed on the last business day of the closing period. Select the best option in this situation.
Options
- AIgnoring the transaction in the current period
- BOpening the subledger to enter the transaction
- CReversing the prior postings and retransferring data from the subledgers
- DRecording a manual accrual journal in the current period and reversing the journal in the next
How the community answered
(58 responses)- A5% (3)
- B7% (4)
- C16% (9)
- D72% (42)
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