INTERVIEW QUESTIONS ORACLE APPS GL DETAILS

Question: What are different types of Journal entries?

Answer: There are 4 types of journal entries.

1. Basic Journal Entry - Used for most of the accounting transactions
2. Reversing JE - Created by reversing the existing journal entry
3. Recurring JE - Defined once and then generated for subsequent
accounting period
4. Mass Allocation - Created to allocate the revenues and assets to a
group of resources(cost centers, depts, divisions,etc) from a single
Journal.

There are 4 types of journal entries.

1. Basic Journal Entry - Used for most of the accounting transactions
2. Reversing JE - Created by reversing the existing journal entry
3. Recurring JE - Defined once and then generated for subsequent
accounting period
4. Mass Allocation - Created to allocate the revenues and assets to a
group of resources(cost centers, depts, divisions,etc) from a single
Journal.
Source: CoolInterview.com

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