The Insurance for Homes company provides home insurance services in the USA, the UK, France,...

Oracle 1z0-1060-25 Question Answer

The Insurance for Homes company provides home insurance services in the USA, the UK, France, and Italy. It is headquartered in the USA. The entities in the UK, France, and Italy are subsidiaries of the USA entity.

The company decides to configure four primary ledgers, one each for the USA, the UK, France, and Italy. It also plans to configure three secondary ledgers under the UK, France, and Italy primary ledgers.

Which TWO statements are true about setting up secondary ledgers?

A chart of accounts mapping is only required if a secondary ledger has a different chart of accounts than its primary ledger

Conversion levels available for a secondary ledger are Balance, Journal, Adjustment only, andSubledger

A chart of accounts mapping is always required between the chart of accounts of the primary ledger and the secondary ledger

Conversion levels available for a secondary ledger are Balance, Journal, and Subledger only

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Product: 1z0-1060-25
Update on: Jul 22, 2025
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The Insurance for Homes company provides home insurance services in the USA, the UK, France,...

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