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NEW QUESTION: 1
Your client has implemented Oracle Cloud Applications with their United States business unit and United Kingdom business unit. After six months, they acquired another company in China and added a China business unit. A project accountant in your organization is authorized to access transactions for the US, UK, and China business units. The project accountant can see the transactions for the US and UK business units but not for the China business unit.
Why is he not able to see the transactions for the China business unit? (Choose the best answer.)
A. The project accountant is not assigned to the external role that grants access to the China business unit.
B. The China business unit is associated with a different legal entity than the US and UK business units.
C. The US and UK business units are linked to different ledgers than the China business unit.
D. The application role relevant to the China business unit is not assigned to the project accountant.
Answer: B
NEW QUESTION: 2
Drag the term on the left to the matching deployment scenario on the right.
Answer:
Explanation:
NEW QUESTION: 3
At the end of an accounting period, each expense that has been incurred but not yet paid should be recorded as ________.
A. an opening entry
B. an adjusting entry
C. a reversing entry
D. a closing entry
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Expenses should be recognized in the period in which they are incurred. In order to be consistent with the matching principle, an adjusting entry must be made to record the expense, regardless of whether it has been paid.
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