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Exam 1Z0-342 Topic 1 Question 98 Discussion
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)
A
When an asset is acquired
B
When disposing of an asset
C
Information from Fixed Assets does not flow to the General Ledger
D
Whenever the General Ledger post program is run, regardless of the application for which it is run
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Suggested Answer:
A, B
by
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Jul 14, 2024, 01:40 PM
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Detra
4 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
3 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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Maddie
3 months ago
D) Whenever the General Ledger post program is run, regardless of the application for which it is run
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Miss
3 months ago
A) When an asset is acquired
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Donte
4 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
4 months ago
C) Information from Fixed Assets does not flow to the General Ledger
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Reta
4 months ago
A) When an asset is acquired
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Claribel
4 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
4 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
3 months ago
That makes sense. The general ledger needs to reflect changes in fixed assets for accurate financial reporting.
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Fredric
4 months ago
Yes, and they are also posted when disposing of an asset. So A and B are correct.
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Venita
4 months ago
I agree, fixed asset entries are posted to the general ledger when an asset is acquired.
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Adolph
4 months ago
I believe Fixed Asset entries are also posted when disposing of an asset.
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Taryn
4 months ago
I agree with Bernardo, that's one of the times when entries are posted.
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Lemuel
4 months ago
D is clearly wrong. The general ledger post program runs for all applications, not just fixed assets.
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Samuel
4 months ago
C) Information from Fixed Assets does not flow to the General Ledger
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Nohemi
4 months ago
B) When disposing of an asset
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Sena
4 months ago
A) When an asset is acquired
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Bernardo
5 months ago
I think Fixed Asset entries are posted to the General Ledger when an asset is acquired.
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Anna
5 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
4 months ago
That's correct. They are also posted when disposing of an asset.
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Denny
5 months ago
Fixed asset entries are posted to the General Ledger when an asset is acquired.
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Detra
4 months agoKasandra
3 months agoMaddie
3 months agoMiss
3 months agoDonte
4 months agoReta
4 months agoReta
4 months agoClaribel
4 months agoKattie
4 months agoBuddy
3 months agoFredric
4 months agoVenita
4 months agoAdolph
4 months agoTaryn
4 months agoLemuel
4 months agoSamuel
4 months agoNohemi
4 months agoSena
4 months agoBernardo
5 months agoAnna
5 months agoSylvia
4 months agoDenny
5 months ago