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Exam 1z0-1087-20 All Questions

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Exam 1z0-1087-20 topic 1 question 32 discussion

Actual exam question from Oracle's 1z0-1087-20
Question #: 32
Topic #: 1
[All 1z0-1087-20 Questions]

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

  • A. Balance Comparison
  • B. Transaction Matching
  • C. Variance Analysis
  • D. Account Analysis
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Suggested Answer: A 🗳️
Reference:
https://docs.oracle.com/en/cloud/saas/account-reconcile-cloud/adarc/GUID-3B2518AE-A5E5-44CD-A032-5CB119F087FE.pdf
(4-20)

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ashish9013
3 years, 5 months ago
Selected Answer: D
The Account Analysis method is used for accounts that have no comparative balance.Preparers justify the account balance by entering the list of items that should be comprising the ending balance, such as prepaids, accruals, reserves, and intangibles, into the reconciliation.
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