3.7 Classification of General Ledgers based on Transaction Codes

When the GL under which a component is reported is changed, along with the status of a loan, an accounting entry is passed. This accounting entry transfers the component from one GL to another.

A Transaction Code, the description of which indicates the type of accounting entry, is associated with every accounting entry in Oracle Lending. You should indicate the Transaction Code to be used for the GL transfer entries, involved in the status change.