You entered a journal and the client is asking for the following information:
The current account balance
What the future account balance will be if the journal is approved and posted.
How will you get this information?
A.
View the Projected Balances region in the Create Journals page.
B.
Run a Trial Balance before and after posting.
C.
Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances.
D.
Query the account balance online.
A
Dear, Are you sure correct answer is A, or C?
I saw some other answers for C.
Kindly help.
A is the correct answer
The projected balance region in the contextual area is display the projected balances for the account that includes the amounts of the selected journal entry line. Additionally, if more than one journal line for same account of the selected journal line exists, then the projected balance amount will include the impact from each journal line. The Period To Date, Quarter To Date, and Year To Date balances are also available.
•For unposted journals, the period balance is projected by summing the current balance with the subledger journal entry line amounts
•For posted journals, the opening balance and the period activity is calculated using the current balance and journal line amount
Projected balances increases accuracy when booking entries to reconcile accounts.