Journal creation rules in Subledger Accounting are defined by event type and event class. Identify the event type associated with the event class of reverse.

Question

Options

• Ainvoice
• Breceipts
• Cadjustment
• Dchargeback
• Etransactions
• Fcredit memo
• Gbills receivable

• A
  3% (1)
• B
  72% (21)
• D
  3% (1)
• F
  7% (2)
• G
  14% (4)

Explanation

In Oracle Subledger Accounting (SLA) for Receivables, the Receipts event class contains the "Reverse" event type, which is triggered when a receipt is reversed - most commonly when a payment is dishonored (e.g., a bounced/NSF check). This makes logical sense because reversing a receipt undoes the original cash application, requiring its own accounting treatment within the same event class.

The distractors fail for these reasons: Invoices (A) are countered by creating credit memos, not reversed directly; Adjustments (C) have their own event class with types like Create/Approve but reversals follow a different path; Chargebacks (D) are a separate event class created from receipts but don't own the Reverse type; Transactions (E) is a broader umbrella term, not a specific SLA event class mapping; Credit Memos (F) are themselves the mechanism used to offset invoices, not a source of reversals; and Bills Receivable (G) have their own distinct event class and types unrelated to reversal accounting.

Memory tip: Associate "Reverse" with "Receipts" by thinking of the real-world scenario - when a customer's payment bounces back, you reverse the receipt. "Bounced payment = Reversed Receipt."

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