Question

How are subledger applications transferred into the ledger?

- Using the balance transfer process

- Using Journal import

- Using Allocations

- Using spreadsheets

Which of these reporting tools should you use to monitor key accounts?

- Smart View Reports

- Account Groups and Sunburst

- Financial Reports

- Oracle Transactional Business Intelligence Analyses

Answer 1

HOW ARE SUBLEDGER APPLICATION TRANSFERRED TO LEDGER

ANS: USING JOURNAL IMPORT

It is the process of integrating information from other sources /application such as accounts receivable, payable, fixed assets with your general ledger application. For each accounting period you can import accounting datas from these subledgers to review, update and post the journal entries.

incorrect option : using balance transfer

It helps to show the reporting currency balances for the source ledger in the target ledger currency .

incorrect option : using allocations

Allocations enables you to allocate the amounts and quantities periodically from the sender object to receiver objects periodically

incorrect option : using spreadsheets

It provides a incomestatement,balancesheet,a and general ledger for small businesses who wishes to use double entry accounting.