1Z0-1054-25 practice question 15 of 25

The intercompany accountants on the cloud project are trying to reconcile intercompany balances using the latest intercompany reconciliation report. However, they have some concerns about the information presented in the report and want you to clarify the content in the standard reconciliation report. What is included in the intercompany reconciliation report?

Full set: 106 questions
Answer options
A: It displays ledger balancing lines generated when the primary balancing segment (BSV) is in balance but not the second or third BSVs.
B: It displays all clearing company balances for the period.
C: It displays the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction. Correct answer
Correct Answer:
C. It displays the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.
Explanation

:

Scroll to Top