1Z0-1054-25 practice question 11 of 25

Your customer is a financial institution that needs to maintain average daily balances (ADB). Which statement is true about this functionality in Oracle Fusion Cloud applications?

Full set: 106 questions
Answer options
A: Average balances are stored for both subledger and general ledger balances.
B: Average balances are maintained for both actual and budget balances. Correct answer
C: When using ADB, you must define a transaction calendar and assign it to your ledger.
Correct Answer:
B. Average balances are maintained for both actual and budget balances.
Explanation

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