Oracle
1Z0-517 · Question #40
ABC Inc.'s calendar is the fiscal year. They also use Average Balance Processing. ABC's accrual category is defined with AutoReversal, with the reversal period as the next day, and an effective date…
The correct answer is D. next business day in the same period or the next period, based on the transaction calendar. See the full explanation below for the reasoning.
Question
ABC Inc.'s calendar is the fiscal year. They also use Average Balance Processing. ABC's accrual category is defined with AutoReversal, with the reversal period as the next day, and an effective date rule of roll. An accrual journal entered on 29-Apr-05 will be reversed on the _____.
Options
- Afirst day of the next period
- Bnext day in the same period
- Cnext business day in the same period
- Dnext business day in the same period or the next period, based on the transaction calendar
How the community answered
(22 responses)- A14% (3)
- B5% (1)
- C9% (2)
- D73% (16)
Community Discussion
No community discussion yet for this question.