Oracle
1Z0-960 · Question #83
You are reconciling your Payables the Receivables balances against the General Ledger. You are using the Payables to Ledger Reconciliation report. You notice discrepancies between thebalances in the…
The correct answer is B. Subledger transactions have been accounted and transferred to General Ledger but have not D. Intercompany transactions have not been fully processed. E. Period Close processes,such as Revaluation, Translation, and Consolidation have not. See the full explanation below for the reasoning.
Question
You are reconciling your Payables the Receivables balances against the General Ledger. You are using the Payables to Ledger Reconciliation report. You notice discrepancies between thebalances in the subledgers, subledger accounting, and general ledger. Which three factors are responsible for these out-of-balance situations?
Options
- AAll sub ledger transactions have been entered but do not have complete accounting.
- BSubledger transactions have been accounted and transferred to General Ledger but have not
- CThere were manually entered journals against the Payables and Receivables accounts that were
- DIntercompany transactions have not been fully processed.
- EPeriod Close processes,such as Revaluation, Translation, and Consolidation have not
How the community answered
(23 responses)- A17% (4)
- B74% (17)
- C9% (2)
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