Oracle General Ledger Certification questions and answers with complete solutions

Oracle General Ledger Certification questions and answers with complete solutions You are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as Intercompany Sales. Which two statements are correct? - correct answer Set up a COA rule for every COA structure you have in order to ensure that Intercompany Balancing will always find a rule to use to generate balancing accounts. You can create a rule for all sources and categories by selecting the source "Other" and the category "Other." A customer implementing Financials cloud requires that at year end, a range of Balance sheet account balances be closed to different closing accounts. When running the Create Balance Sheet Closing Journals process, which three operators can be used to select the account ranges? - correct answer Is a last decendant of Between Equals You have enabled budgetary control and have a control budget set to Advisory control level. For September 2016, your budget for a given account combination is $5,000 USD. In the same month, there is an approved requisition for that account of $900 and an approved purchase order for that account of $2,500 USD. There is also a General Ledger adjustment journal entry for that account of $1,600 USD. An approved purchase order line of $400 USD is then cancelled. And an invoice is matched to the purchase order for $2,100 USD. Which two statements are true? - correct answer Purchase order encumbrance will be released for $2100 USD As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016