Oracle Financials Cloud: General Ledger 2017 Implementation Essentials — Question 28

When discussing the Receivables to Ledger Reconciliation Report with your customer, you are asked a number of questions about how to run the report.
Which statement is true?

Answer options

• A. You can exclude unidentified receipts, but you cannot exclude on-account activities and unapplied receipts.
• B. You cannot exclude on-account activities, unapplied receipts, and unidentified receipts.
• C. You can include or exclude intercompany transactions, or you can reconcile by intercompany activity only.
• D. You can select only a Closed accounting period.

Correct answer: C

Explanation

The correct answer is C because it accurately describes the flexibility in handling intercompany transactions in the report. Option A is incorrect as it misstates the ability to exclude on-account activities and unapplied receipts. Option B incorrectly claims that none of the exclusions are possible. Option D is wrong because it limits the accounting periods available for selection.