Create Next App

Exam contains 72 questions

Page 9 of 12

Question 49 🔥

Select three reasons why you cannot close your Payables period.

Which database solution meets these requirements?

A. suppliers on payment holds

Highly voted

B. bills payable requiring maturity

Highly voted

C. unapplied prepayments

Highly voted

D. open intercompany transactions

Highly voted

E. unaccounted invoices and payments

Highly voted

Discussion of the question

Question 50 🔥

A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.Which two actions will accomplish this?

Which database solution meets these requirements?

A. Define the Disbursement Bank Account to every supplier.

Highly voted

B. Define the Disbursement Bank Account to the Payment Method in payment default rules.

Highly voted

C. Assign the Disbursement Bank Account to users to have the payment process default the bank account.

Highly voted

D. Create a Payment Process Request template that includes the Disbursement Bank Account.

Highly voted

E. Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.

Highly voted

Discussion of the question

Question 51 🔥

Which statement is true about selecting a bank account on the Create Payment page?

Which database solution meets these requirements?

B. There is not relationship between the business unit, bank, and LE. Users can pick any bank account that is setup in their system.

Highly voted

C. LE on the bank account should be different from the LE on the invoice.

Highly voted

D. LE on the bank account should be equal to LE on the invoice.

Highly voted

E. Users can pick any bank account as long as the bank account is tied to the business unit.

Highly voted

A. Bank account must match the supplier’s bank account.

Highly voted

Discussion of the question

Question 52 🔥

An installment for $1,000 USD is due for payment on January 10, 2016. The installment has two discounts: the first discount date is December 5, 2015 for $150USD and the second discount date is December 20, 2015 for $50 USD. The Pay Date Basis on the supplier site is Discount.You submit a Payment Process Request with the following criteria;- Payment Date = December 5, 2015- Pay Through Date = December 25, 2015- Date Basis = Pay Date- Always Take Discount option is enabledWhat will be the resulting status of the installment and discount?

Which database solution meets these requirements?

A. The installment is not selected because the first discount date is before the Pay Through Date.

Highly voted

B. The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.

Highly voted

C. The installment is selected but no discount is applied because the payment date is after the discount dates.

Highly voted

D. The installment is selected and a discount of $50 USD (the second discount) is applied.

Highly voted

E. The installment is selected and a discount of $200 USD ($150 + $50) is applied.

Highly voted

Discussion of the question

Question 53 🔥

You need to enter a last-minute invoice during the close process. What is the quickest way to enter and post the invoice to general ledger?

Which database solution meets these requirements?

A. Enter the invoice via a spreadsheet. Then, from the Manage Invoices page, query the invoice, validate it, create accounting, and then open general ledgers Manage Journals page and post the associated invoice journal entry.

Highly voted

B. Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option.

Highly voted

C. Enter and post a manual journal entry directly into the general ledger.

Highly voted

D. Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.

Highly voted

Discussion of the question

Question 54 🔥

An invoice for $200 USD and a credit memo for $225 USD are due for payment and the "Apply credits up to zero amount" option is enabled for the payment process request. Which statement is correct?

Which database solution meets these requirements?

A. The payment process request applies $200 USD of the credit memo to the invoice, leaving a remaining credit of $25 USD, and creates a payment for $0 USD.

Highly voted

B. The payment process request doesnt select the invoice or credit memo for payment because the credit reduces the payment to - $25 USD, which is below zero.

Highly voted

C. The payment process request creates a refund for $225 USD and leaves the invoice unpaid.

Highly voted

D. The payment process request pays only $200 USD alone.

Highly voted

Discussion of the question

Ready to Pass Your Certification Test

oracle 1Z0_961

Exam contains 72 questions

Lorem ipsum dolor sit amet consectetur. Eget sed turpis aenean sit aenean. Integer at nam ullamcorper a.

Company

Product

Resources

Follow us