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Oracle 1Z0-342 Exam - Topic 8 Question 123 Discussion

Actual exam question for Oracle's 1Z0-342 exam
Question #: 123
Topic #: 8
[All 1Z0-342 Questions]

You have a clearing account that is out of balance and you elect to use the Debit/Credit Match program to assist in the reconciliation. Which four steps are required?

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Suggested Answer: B, C, D, E

isp3.ca/wp-content/uploads/2011/08/Yamana_isp3.pdf


by Cherri at Nov 24, 2025, 06:59 AM

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Adrianna
5 hours ago
C is important too, can't skip voids.
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Terrilyn
5 days ago
I think A and B are definitely needed.
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Celia
10 days ago
This question is tricky!
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Walker
29 days ago
Unreconciling transactions? Sounds risky...
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Herman
1 month ago
Don't forget to refresh the Account Ledger info!
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Felix
1 month ago
Wait, do we really need to manually reconcile too? Seems redundant.
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Rebbecca
1 month ago
Totally agree, that's a must-do step.
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Shannan
2 months ago
Gotta run the Bank Journal Statement Process first!
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Alpha
2 months ago
Yep, B, D, and E are the way to go. Although I'm still trying to figure out what the "Debit/Credit Match" program is. Sounds like a new feature I need to check out!
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Beth
2 months ago
Haha, I bet the exam writers were trying to trick us with that "Debit/Credit Match" program. Sounds like something straight out of the IT department's playbook!
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Kathrine
2 months ago
I agree with the previous comments. The correct steps are B, D, and E. Refreshing account information, unreconciling transactions, and manually reconciling are key.
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Maybelle
2 months ago
Definitely B, D, and E. Reconciling void payments and receipts (C) is not one of the required steps.
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Gianna
3 months ago
I think the correct steps are B, D, and E. Running the Bank Journal Statement Process is not necessary for this task.
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Vernice
3 months ago
I’m pretty certain that unreconciling transactions is necessary when things don’t match up, but I’m not sure about the order of these steps.
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Rickie
3 months ago
I feel like we might have to manually reconcile transactions at some point, but I can't recall if that's one of the required steps.
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Marcelle
3 months ago
Okay, I've got this. First, we run the Bank Journal Statement Process to get the latest transactions. Then we refresh the account info in the Account Ledger Reconciliation table. Next, we reconcile the void payments and receipts. And finally, we manually reconcile any remaining transactions that need attention.
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Bernardo
3 months ago
I think we need to start by running the Bank Journal Statement Process, but I'm not entirely sure if that's the first step.
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Ariel
4 months ago
I remember practicing a question similar to this, and I think refreshing account info is definitely part of it.
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Annabelle
4 months ago
This seems straightforward enough. I'm pretty confident I can knock this out on the exam. The key is just making sure I follow the steps in the right order. I'll make sure to double-check my work before submitting.
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Luz
4 months ago
Hmm, I'm a bit confused on the order of the steps. I know we need to use the Debit/Credit Match program, but I'm not sure if that's one of the four steps or if it's implied. I'll have to re-read the question carefully.
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Jacinta
4 months ago
I think the key steps here are refreshing the account information and then reconciling the void payments and receipts. The other steps seem more like general reconciliation tasks.
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Matilda
3 months ago
I agree, refreshing the account info is crucial!
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