Budget Statuses in Oracle General Ledger

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Question of the Day!!  

                 

Module: Oracle General Ledger

Question:  What are the budget Statuses?

Ans : 

 The status of a budget can be

Open –  Budget is available for update and entry

Current – Budget is open and is the default budget when you use most budgeting and inquiry forms. You can have only 1 current budget for each set of books.

Frozen – Budget is unavailable for update or budget entry. However, you can unfreeze any budget or budget element that is currently frozen.