Oracle General Ledger (GL) Interview Questions and Answers


What are different types of Journal entries?

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


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