QUESTION 41
A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user’s approval limit. What is the status of the adjustment?
Option's:
A. Pending Approval
B. Forwarded for Approval
C. Pending Research
D. Approval Required
Answer: A
Explanation: References: Pending Approval will be the status of Adjustment.
QUESTION 42
When reversing a receipt, if an adjustment or charge back exists, how are the off-setting adjustments created?
Option's:
A. manually, but without using the Adjustment Reversal and Chargeback Reversal activities
B. automatically, but without using the Adjustment Reversal and Chargeback Reversal activities
C. automatically by using the Adjustment Reversal and Chargeback Reversal activities
D. manually by using Chargeback Reversal activities
E. manually by using Adjustment Reversal activities
Answer: C
Explanation: Automatically by using the Adjustment Reversal and Charge back Reversal activities.
When you reverse a receipt, if an adjustment or chargeback exists, Receivables automatically generates off-setting adjustments using the Adjustment Reversal and Chargeback Reversal activities.
References:
QUESTION 43
Which three receipts can be automatically applied by a system? (Choose three.)
Option's:
A. receipts that are unapplied
B. receipts created in a spreadsheet and uploaded
C. miscellaneous receipts
D. receipts that are manually created
E. receipts created in a lockbox and uploaded
Answer: C,D,E
Answer Explanation: Miscellaneous receipts , receipts that are manually created & receipts created in a lockbox and uploaded.
QUESTION 44
What are the two locations where the system can look for Receipt Match By Value when Receivables applies customer payments automatically for manually created receipts? (Choose two.)
Option's:
A. Receipt Method
B. Auto Match Rule
C. Customer
D. System Options
Answer: C,D
Explanation: References: Customer & System Options .
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