Oracle Fusion Financial Payables Certification:1Z0-1055-20

Question 195

The expense auditor has chosen to Request More Information for an expense report. Select two ways the system processes this action ?

Options:

A. The expense report status remains Pending Payables Approval.

B. The expense report is routed back to the approvers.

C. The employee must reply to the notification before the reimbursement process can continue.

D. The employee must resubmit the expense report.

 

Answer: A & D

Answer Explanation:  The expense report status remains Pending Payables Approval & The employee must resubmit the expense report.

 

Oracle Fusion Financial Payables Certification:1Z0-1055-20

Question 196

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?

Options:

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.

 

Answer: D

Answer Explanation: Void the payment, which debits cash and credits the liability, and then cancel the invoice, which debits the liability and credits the expense

Question 197

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?

Options:

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.

 

Answer: A & D

Answer Explanation: Both the invoice and the credit memo are included in the Payment Process Request & Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.