NEW INTERVIEW QUESTIONS.COM GENERAL LEDGER INTERVIEW QUESTIONS DETAILS

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Question

What is about Future Period and Adjustment Period?

Answer

Future period means in oracle not yet opened, you can't post any entry in this period, you can have two future periods or one displayed in calander options, adjustment period means, normally comany may have 12 months, or 13 months as per co's requiremens, if you have 13 month, jan to dec its 12 months, addtional one month i.e dec say example 25th to 31st Dec. So here we have 13 months, additional 5 days called adjustment period, this is use full to enter additonal entries Audit time,if your dec period is closed, you may still have 5 days period to entery adjustment entries given by auditiors. © NewInterviewQuestions.com

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Category	General Ledger Interview Questions
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