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Exam Number: 1Z0-516
Exam Name: Oracle EBS R12.1 General Ledger Essentials
Questions&Answers: 574 Q&As
We can also share an exam demo with you, you can have a look:
Which statement is correct about the differences between the functionalities of parent
accounts and summary accounts?
A. Summary accounts speed up the posting process, whereas parent accounts require
additional time for the posting process.
B. Summary accounts use the summing segment type for mass allocations, whereas parent accounts use
the looping segment type.
C. Summary accounts cannot be used in budget formulas, whereas parent accounts can be used in
budget formulas.
D. Summary accounts balances can be viewed in the Account Inquiry form, whereas parent accounts
balances cannot be viewed in that form.
E. Summary accounts slow down the generation of Financial Statement Generators, whereas parent
accounts will help generate quicker results.
Answer: D
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