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Oracle

1Z0-516 · Question #703

Which statement is correct about the differences between the functionalities of parent accounts and summary accounts?

The correct answer is D. Summary accounts balances can be viewed in the Account Inquiry form, whereas parent. See the full explanation below for the reasoning.

Question

Which statement is correct about the differences between the functionalities of parent accounts and summary accounts?

Options

  • ASummary accounts speed up the posting process, whereas parent accounts require additional
  • BSummary accounts use the summing segment type for mass allocations, whereas parent
  • CSummary accounts cannot be used in budget formulas, whereas parent accounts can be used in
  • DSummary accounts balances can be viewed in the Account Inquiry form, whereas parent
  • ESummary accounts slow down the generation of Financial Statement Generators, whereas parent

How the community answered

(29 responses)
  • A
    3% (1)
  • B
    14% (4)
  • C
    3% (1)
  • D
    72% (21)
  • E
    7% (2)

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