Oracle
1Z0-516 · Question #71
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 A. Natural accounts were defined with 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 with incorrect account type.
- BNatural accounts were defined as parent values.
- CNatural accounts were defined to hold both statistical and monetary values.
- DNatural accounts were defined to not allow posting.
How the community answered
(23 responses)- A78% (18)
- B13% (3)
- C4% (1)
- D4% (1)
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