Free Access Oracle.1Z0-1055-21.v2022-02-01.q51 Practice Test (Page 7)

Question 26

Which two are true for Payables Payment Terms? (Choose two.)

A.When entering an Invoice, you will see Payment Terms assigned to the reference data set associated with the Business unit on the invoice plus those associated with the common set.

B.You must assign the predefined payment term Immediate to the reference data set that is assigned to the business unit before you can define common options for Payables and Procurement.

C.When entering an Invoice, you will see Payment Terms assigned to the reference data set associated with the Business unit on the invoice but not those associated with the common set.

D.Each payment term can only be assigned to one reference data set.

Question 27

What are the two advantages of using a spreadsheet for correcting invoice import errors? (Choose two.)

A.identification of errors with clear error messages at the invoice header and line levels

B.ability to enter a high volume of invoices via a spreadsheet

C.ability to correct errors and re-import invoices directly from a spreadsheet

D.identification of errors with clear error messages at the invoice header level only

E.ability to correct errors within the spreadsheet and send invoice corrections for approval

Question 28

You want to customize the Payables Invoice Register template to only display invoices when the Supplier name is Company A.
Supplier name is a group that repeats on every page.
Which is the correct way to customize the template?

A.Insert the syntax <?if:VENDOR_NAME= 'COMPANY A'?> before the Supplier field on the template.
Then, enter the <?end if?> tag after the invoices table.

B.Insert the syntax <?if:condition?> before the Supplier field and then enter the closing tag
</<?if:condition?>.

C.Insert the syntax <?if:'COMPANY A'?> before the Supplier field and then enter the closing tag
</<?if:COMPANY A?> after the invoices table.

D.Hard code Supplier Name "Company A" in the report template and only invoices for that supplier will be displayed.

Question 29

Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?

A.The purchase order payment term cannot be overridden.

B.The payment term of the purchase order overrides the invoice payment term.

C.The user needs to specify which payment term to use.

D.The user needs to manually change the payment term on the invoice to match the purchase order payment term.

E.The payment term of the invoice overrides the purchase order payment term.

Question 30

You have an invoice with a payment term that has the following settings:
* Day of Month = 15
* Cut off Day = 11
* Months Ahead = 0
* Terms Date on Invoice = January 12th
What will the resulting due date for the invoice installment be?

A.April 15th

B.January 15th

C.March 15th

D.February 15th

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Question 26

Question 27

Question 28

Question 29

Question 30

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