Which two boxes must be used to reverse the journal entry next month (choose 2)

To create an automatic reversing journal entry in Oracle General Ledger, the user must specify when the reversal should occur. This is accomplished by defining the reversal period and/or the specific Reversal Date. The system uses this date to generate and post the corresponding reversal entry in the future accounting period as specified. The other options provided do not align with the standard functionality for configuring a journal reversal.

A. Defer entry: This option relates to deferred accounting, which schedules the recognition of revenue or expenses over multiple periods, a different function from a single journal reversal.

B. memo: The memo field is a text field for descriptive purposes only and does not trigger any automated accounting processes like reversals.

C. pending approval: This is a workflow status indicating the journal is awaiting authorization; it is not a setting used to configure a reversal.

E. do not post until: This field controls the posting date of the original journal entry, delaying its impact, but does not configure its subsequent reversal.

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Note to the user: The question asks for two correct options. However, based on official Oracle documentation, only "Reversal date" is a required field for this process among the choices given. The "Reversal Period" is also critical but is not listed as an option. The other choices are functionally incorrect for this specific task.

1. Oracle® E-Business Suite

General Ledger User's Guide

Release 12.1 (Part No. E13627-05)

Chapter 4: Journals

Section: "Creating Reversing Journal Entries"

p. 4-30.

The guide states: "When you create a journal entry

you can specify a reversal period and a reversal date for the entry... General Ledger automatically creates a journal entry that is the reverse of your original entry." This directly supports the necessity of a reversal date/period.

2. Oracle® E-Business Suite

General Ledger User's Guide

Release 12.1 (Part No. E13627-05)

Chapter 4: Journals

Section: "Defining a Deferred Expense"

p. 4-34.

This section describes the process for deferred expenses

which involves setting up rules with a start and end date to generate multiple accounting entries over time. This confirms that "Defer entry" (Option A) is a distinct and incorrect function for a simple

single reversal.