Oracle Exam 1Z0-518 Topic 3 Question 1 Discussion

Actual exam question for Oracle's 1Z0-518 exam

Question #: 1
Topic #: 3

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?

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 the miscellaneous receipt.

Show Suggested Answer

Suggested Answer: B

by Golda at May 04, 2022, 05:55 AM

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