Oracle Benefits Cloud 2021 Implementation Essentials — Question 19

When entering the values in the natural account spreadsheet of the rapid implementation for General Ledger workbook, which three accounts types are used to set up the default Receivable account combinations? (Choose three.)

Answer options

• A. Liability- Unearned revenue
• B. Revenue- Revenue
• C. Liability-Accounts Payable
• D. Owner’s equity
• E. Asset - Remitted Receipts

Correct answer: C, D, E

Explanation

The correct accounts for setting up default Receivable combinations are Liability-Accounts Payable (C), Owner’s equity (D), and Asset - Remitted Receipts (E). Options A and B do not pertain to Receivable accounts; A refers to unearned revenue, which is a liability, while B pertains to revenue recognition.