QUESTION: 9

You have invoices with distributions across primary balancing segments that represent different companies.
What feature should you use if you want the system to automatically balance your invoice's liability amount across the same balancing segments on the invoice distributions?

Payable's Automatic Offset
Intercompany Balancing
Subledger Accounting's Account Rules
Suspense Accounts
Payables' Allow Reconciliation Accounting

Answer(s): B

Explanation:

If you do not enable Automatic Offsets, Payables records the invoice liability using the liability account on the invoice, which defaults from the supplier site. When you distribute invoice distributions across multiple balancing segments, the invoice will not balance by balancing segment. However, General Ledger can automatically create intercompany balancing entries when you post the invoice if you have enabled the Balance Intercompany Journals option for your set of books.

References:
https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/autoff01.htm

Reference:

References:
https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/autoff01.htm

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QUESTION: 10

When creating a check payment, from where is the payment document defaulted?

Legal Entity
Bank
Business Unit
Bank Account
Supplier

Answer(s): D

Explanation:

Create Check
This step shows how to create a check to pay the customer for theclaim. The customer will be paid with the designated amount in Oracle Payables.
Navigation: Actions > Pay in Full.
Notes:
Bank Account: Select BofA.
Document: Select Check.

References:
https://docs.oracle.com/cd/E18727_01/doc.121/e16295/T544851T544993.htm

Reference:

References:
https://docs.oracle.com/cd/E18727_01/doc.121/e16295/T544851T544993.htm

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QUESTION: 11

You want to route invoices to three different approvers at the same time and only one approver needs to approve the invoice. Which approval ruleset should you use?

InvoiceApproversFYIParticipantInParallelMode
InvoiceApproversSingleParticipantInParallelMode
InvoiceApproversParallelParticipantInParallelMode
Invoice Approvers

Answer(s): C

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QUESTION: 12

If you accidentally paid an invoice using Create Payment flow, can you undo the operation?

yes, by canceling the payment process from the process monitor
Cancel the invoice and create a new one.
yes, by voiding the payment created
yes, by creating a credit memo to offset the payment
no

Answer(s): E

Explanation:

You cannot terminate a Payment Instruction:

References:
https://docs.oracle.com/cd/E18727_01/doc.121/e12797/T295436T369088.htm

Reference:

References:
https://docs.oracle.com/cd/E18727_01/doc.121/e12797/T295436T369088.htm

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Free Oracle 1Z0-1055-20 Exam Braindumps (page: 4)

QUESTION: 9

Explanation:

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QUESTION: 10

Explanation:

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QUESTION: 11

QUESTION: 12

Explanation:

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