Oracle
1Z0-518 · Question #70
1Z0-518 Question #70: Real Exam Question with Answer & Explanation
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Receipts
Question
The client entered a miscellaneous receipt by mistake; it was posted to General Ledger. Now the miscellaneous receipt needs to be reversed. Which method would you advise the client to use?
Options
- ACarry out a standard reversal of the miscellaneous receipt.
- BCarry out a debit memo reversal of the miscellaneous receipt.
- CCreate a receivable activity adjustment for the reversal of the miscellaneous receipt.
- DCreate an adjustment in receivables for the reversal of the effect of the miscellaneous receipt.
- ECreate a journal entry in General Ledger to reverse the accounting impact created by the posting of
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Topics
#Receipt Reversal#Debit Memo#Posted Transactions#GL Integration