Oracle
1Z0-517 · Question #231
ABC.com has closed its APR-XX Accounting period. The APR-XX period started on 27-MAR-20- 20XX and ended on 26-APR-20XX. It has run the posted invoice register, the posted payments register and two…
The correct answer is B. Check the dates on the accounts payable Trail Balance reports C. Check to ensure that invoice and payment journals are posted in General Ledger. See the full explanation below for the reasoning.
Question
ABC.com has closed its APR-XX Accounting period. The APR-XX period started on 27-MAR-20- 20XX and ended on 26-APR-20XX. It has run the posted invoice register, the posted payments register and two accounts payable trail balance reports (as of 30-MAR-20XX and 30-APR-20XX). Unfortunately, the accounts do not balance. Which two actions should be taken? (Choose two.)
Options
- ACheck to make sure that all invoices for the period are paid
- BCheck the dates on the accounts payable Trail Balance reports
- CCheck to ensure that invoice and payment journals are posted in General Ledger
- DCheck to make sure that there are no unaccounted transactions in APR-XX by using the
How the community answered
(41 responses)- A17% (7)
- B73% (30)
- D10% (4)
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