Oracle Exam 1Z0-342 Topic 1 Question 98 Discussion

Actual exam question for Oracle's 1Z0-342 exam

Question #: 98
Topic #: 1

[All 1Z0-342 Questions]

When are Fixed Asset entries posted to the General Ledger? (select 2)

AWhen an asset is acquired

BWhen disposing of an asset

CInformation from Fixed Assets does not flow to the General Ledger

DWhenever the General Ledger post program is run, regardless of the application for which it is run

Show Suggested Answer

Suggested Answer: A, B

by Willetta at Jul 14, 2024, 01:40 PM

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Detra

2 months ago

Haha, D is the funniest answer. 'Whenever the general ledger post program is run' - duh, that's how it works!

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Kasandra

23 days ago

Haha, D is the funniest answer. 'Whenever the general ledger post program is run' - duh, that's how it works!

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Maddie

29 days ago

D) Whenever the General Ledger post program is run, regardless of the application for which it is run

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Miss

1 months ago

A) When an asset is acquired

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Donte

2 months ago

This is a trick question! C is the right answer - fixed asset entries don't actually flow to the general ledger. That's just a myth.

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Reta

1 months ago

C) Information from Fixed Assets does not flow to the General Ledger

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Reta

1 months ago

A) When an asset is acquired

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Claribel

2 months ago

I think the correct answers are A) When an asset is acquired and B) When disposing of an asset, because those transactions directly impact the General Ledger.

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Kattie

2 months ago

I'm going with A and B. The general ledger needs to be updated when assets are acquired or disposed of.

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Buddy

29 days ago

That makes sense. The general ledger needs to reflect changes in fixed assets for accurate financial reporting.

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Fredric

1 months ago

Yes, and they are also posted when disposing of an asset. So A and B are correct.

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Venita

2 months ago

I agree, fixed asset entries are posted to the general ledger when an asset is acquired.

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Adolph

2 months ago

I believe Fixed Asset entries are also posted when disposing of an asset.

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Taryn

2 months ago

I agree with Bernardo, that's one of the times when entries are posted.

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Lemuel

2 months ago

D is clearly wrong. The general ledger post program runs for all applications, not just fixed assets.

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Samuel

1 months ago

C) Information from Fixed Assets does not flow to the General Ledger

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Nohemi

2 months ago

B) When disposing of an asset

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Sena

2 months ago

A) When an asset is acquired

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Bernardo

2 months ago

I think Fixed Asset entries are posted to the General Ledger when an asset is acquired.

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Anna

3 months ago

A and B seem like the correct answers. Why would fixed asset entries not flow to the general ledger? That doesn't make sense.

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Sylvia

2 months ago

User 2: That's correct. They are also posted when disposing of an asset.

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Denny

2 months ago

User 1: Fixed asset entries are posted to the General Ledger when an asset is acquired.

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