An invoice for $1,000 and a credit memo for $1,100 are due for payment.
Which two outcomes will result if the Apply Credits up to Zero Amount Payment option is enabled in the Payment and Processing options of the Payment Process Request?
Options: -
A. Both the invoice and 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 credit memo are paid fully.
D. Only the invoice is paid fully but the credit memo will
have a balance of $1,100.
E. The invoice is paid fully but the credit memo is paid
partially when a credit of $100 still remaining.
Answer: A & E
Answer Explanation:
Credit Amount Greater Than Invoice Amount invoice for 200 USD and a credit memo for 225 USD are due for payment. If the Apply credits up to zero amount payment option is:
Enabled: 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. · Disabled: The payment process request does not select the invoice or credit memo for payment because the credit reduces the payment to - 25 USD, which is below zero.
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| Oracle Fusion Financial Payables Certification:1Z0-1055-20 |
Question 97
Identify three attributes of a Single Payment Request?
Options: -
A. one-time
B. recurring
C. nonrecurring
D. real time
E. batch processing
Correct Answer: A, C & E
Explanation: NA
The following Issue is reported by the AP Invoice User:
When creating an invoice, there is no visual Indicator that prepayments exist for that supplier and are available to be applied against the invoice. There used to be a bell icon next to the supplier number, but it is not there anymore.
Identify the correct action that a consultant must perform in order to resolve the issue.
Options: -
A. Enable Show Available Prepayments during Invoice Entry on
the Supplier Maintenance page.
B. Enable a Show Available Prepayments during Invoice Entry
on the Manage Invoice Options page.
C. Enable Show Available Prepayments during Invoice Entry on
the Payables System Setup page.
D. Enable show Available Prepayments during Invoice Entry in the Common Options for Payables and Procurement.
E. Show available Prepayments during Invoice Entry on the
Manage Business Objects page.
Answer: B
Answer Explanation:
You can specify default values for the following attributes
on both the Manage Invoice Options page and on the supplier setup. Payables
uses the default values from the Manage Invoice Options page, unless you specify
a different value for the supplier.
Currency Pay
group Payment
priority Payment terms
Terms date
basis Pay date
basis
Quantity tolerances
Amount tolerances
Which three fields are required to create an invoice without
a purchase order through the Supplier Portal?
Options: -
A. Supplier Name
B. Remit to name
C. Taxpayer ID
D. Tax Registration Number
E. Requester E-Mail
Answer: B, D & E
Answer Explanation:
On the Create Invoice without PO page, enter information as needed. The following fields are required. Invoice number and Invoice Type: Invoice (as Standard) / Credit Memo· Remit to name · Tax Registration
Number · Requester E-Mail (Enter the e-mail of the contact at the buying company. The requester is notified and must approve the invoice before it can be processed further).
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