Oracle Cloud Infrastructure Developer 2020 Associate — Question 10

Which reconciliation method is appropriate for a prepaid insurance reconciliation that explains the current month balance?

Answer options

• A. Balance Comparison
• B. Transaction Matching
• C. Variance Analysis
• D. Account Analysis

Correct answer: A

Explanation

The correct answer is A, Balance Comparison, as it focuses on comparing the current month's balance with expected amounts to ensure accuracy. The other options, such as Transaction Matching, Variance Analysis, and Account Analysis, involve different methods that do not specifically address the balance explanation for prepaid insurance.