You have an invoice for $200 USD and a credit memo for $225 USD. In other words, the credit amount exceeds the invoice amount. If you enable the option to apply credits up to zero amount payment, then how will the invoice and credit memo be paid?
A. Neither the invoice nor the credit memo are included in the payment process request because the credit reduces the payment amount below zero.
B. Both the invoice and the credit memo are paid and a refund of $25 USD is created.
C. Both the invoice and credit memo are included in the payment process request for a payment amount of $0 USD. The credit memo is partially paid with a remaining credit of $25 USD.
D. Both the invoice and the credit memo are selected and the Payment Process Request requires attention.
The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are correct? (Choose three.)
A. All related interest invoices are reversed if previously created.
B. Any previous accounting and payment records for an invoice are reversed.
C. All related withholding tax invoices are automatically voided.
D. Any realized gain or loss previously calculated is reversed.
E. Voiding the payment automatically places an invoice on hold.
You have an invoice for a three-month lease and wish to recognize the expense monthly for the duration of
the lease.
What must be entered on the invoice in order to do this?
A. You must provide a start date and an end date for the prepaid expenses in the invoice lines or distributions.
B. You must provide a start date, an end date, and the accrual account for the prepaid expenses in the invoice lines or distributions.
C. You must provide a start date and the accrual account for the prepaid expenses in the invoice lines or distributions.
D. You must provide the accrual account for the prepaid expenses in the invoice lines or distributions.
The expense auditor has chosen to Request More Information for an expense report. Select two ways the system processes this action. (Choose two.)
A. The expense report status remains Pending Payables Approval.
B. The expense report is routed back to the approvers.
C. The audit can be completed before the requested information is received from the employee.
D. The employee must resubmit the expense report.
What is the difference between subject areas that append the word "Real Time" and those that do not?
A. The "Real Time" subject areas are based on real-time transactions and those that are not, are based on historical data.
B. The "Real Time" subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.
C. There is no difference.
D. The "Real Time" subject areas are based on subledger transactions and the ones that are not are based on general ledger balances.
An invoice for $1,000 USD and a credit memo for ($1,100) USD are due for payment. What are the two outcomes if you chose the "Apply Credits Up to Zero Amount" option when submitting a Payment Process Request? (Choose two.)
A. Both the invoice and the credit memo are included in the Payment Process Request.
B. Neither the invoice nor the credit memo is included in the Payment Process Request.
C. Both the invoice and the credit memo are fully paid.
D. Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.
You entered an invoice of 12,000 and paid it for Office Suppliers. The payment was never received by the supplier, and you decide to return the entire order. What should you do?
A. Cancel the invoice, which debits the liability and credits the expense.
B. Issue a credit memo, which will debit the liability and credit the expense.
C. Void the payment, which debits cash and credits the liability, and then issue a credit memo, which debits the liability and credits the expense.
D. Void the payment, which debits cash and credits the liability, and then cancel the invoice, which debits the liability and credits the expense.
An installment for $2,000 USD is due for payment on July 31, 2018. The installment has two discounts: the first discount date is June 15, 2018 for $150 USD and the second discount date is June 30, 2018 for $50 USD.
You submit a Payment Process Request with the following criteria: Payment Date = June 20, 2018 Pay Through Date = July 30, 2018 Date Basis = Due Date
What will be the resulting status of the installment and discount?
A. The installment is not selected because the discount dates are before the Pay Through Date.
B. The installment is selected and no discount is applied.
C. The installment is not selected because the due date is after the Pay Through Date.
D. The installment is selected and a discount of $50 USD is applied.
E. The installment is selected and a discount of $150 USD is applied.
Which statement is true about selecting a bank account on the Create Payment page?
A. LE on the bank account should be different from the LE on the invoice.
B. Bank account must match the supplier's bank account.
C. Users can pick any bank account as long as the bank account is tried to the business unit.
D. There is no relationship between the business unit, bank, and LE. Users can pick any bank account that is setup in their system.
E. LE on the bank account should be equal to LE on the invoice.
Which three types of payments can you make if you have access to Disbursement Process Management Duty? (Choose three.)
A. Reimbursement of employee expense reports
B. Employee advances
C. Supplier payments
D. Customer refunds E. Ad hoc payments
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