Oracle General Ledger (GL) Question: Download Questions PDF
What are different types of Journal entries?
Answer:
There are 4 types of journal entries.
1. Basic Journal Entry - Used for most of the accounting transactions
2. Reversing JE - Created by reversing the existing journal entry
3. Recurring JE - Defined once and then generated for subsequent
accounting period
4. Mass Allocation - Created to allocate the revenues and assets to a
group of resources(cost centers, depts, divisions,etc) from a single
Journal.
1. Basic Journal Entry - Used for most of the accounting transactions
2. Reversing JE - Created by reversing the existing journal entry
3. Recurring JE - Defined once and then generated for subsequent
accounting period
4. Mass Allocation - Created to allocate the revenues and assets to a
group of resources(cost centers, depts, divisions,etc) from a single
Journal.
Download Oracle GL Interview Questions And Answers
PDF
| Previous Question | Next Question |
| What Subledgers does Oracle General Ledger 11i Drilldown support? | What is an Invoice? How man? |