Oracle Financials Cloud: General Ledger 2017 Implementation Essentials — Question 62

Identify two late charge interest calculation methods. (Choose two.)

Answer options

• A. Previous Balance
• B. Adjusted Balance
• C. Overdue Transactions only
• D. Average Daily Balance

Correct answer: C, D

Explanation

The correct answers are C and D because both the 'Overdue Transactions only' and 'Average Daily Balance' methods specifically address how late charges are determined based on outstanding amounts. Options A and B do not focus on late charges, as they typically pertain to general balance calculations without considering overdue transactions.