Oracle Financials Cloud: General Ledger 2017 Implementation Essentials — Question 61

Which two Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose two.)

Answer options

• A. Debit Memo
• B. Deposit
• C. Charge Back
• D. Credit Memo
• E. Guarantee

Correct answer: A, D

Explanation

The correct answers are A and D because both Debit Memo and Credit Memo are recognized as valid transaction types within the Collection Preferences for default settings. The other options, Deposit, Charge Back, and Guarantee, do not serve as default transaction classes in this context.