Online Access Free 1Z1-1055 Practice Test

You applied a prepayment amount of $5,000 USD to a $10,000 USD invoice. At the time of prepayment, the applicable tax rate was 5% ($250 USD); at the time of invoice creation, the tax rate is 10%. When you set up taxes, you choose to Recalculate Taxes for the Applied Amount Handling option.
How will the resulting tax be calculated?

• A.The tax calculation creates two tax lines: one for the invoice line amount and one for the prepayment with a negative amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -250 USD (5% * -5000).
• B.The tax for the prepayment is recalculated to use the new invoice tax rate that is also used for the invoice line amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -500 USD (10% * -5000).
• C.The tax for the prepayment is recalculated and the generated tax line amount will be $250 USD (5% * 10,000-5000).
• D.The tax calculated on the prepayment is reversed completely and the tax rateapplied to the invoice line is retained.

Which three are subject area subfolders that report Payables reconciliation differences to General Ledger? (Choose three.)

• A.Reconciliation Prepayment Application Details
• B.Reconciliation Invoice Details
• C.Reconciliation Payment Details
• D.Reconciliation Invoice Request Details
• E.Reconciliation Invoice Hold Details

An installment for $1,000 USD is due for payment on January 10, 2019. The installment has two discounts: the first discount date is December 5, 2018 for $150 USD and the second discount date is December 20, 2018 for $50 USD. The Pay Date Basis on the supplier site is Discount.
You submit a Payment Process Request with the following criteria:
Payment Date = December 5, 2018
Pay Through Date = December 25, 2018
Date Basis = Pay Date
Always Take Discount option is enabled
What will be the resulting status of the installment and discount?

• A.The installment is selected and a discount of $50 USD (the second discount) is applied.
• B.The installment is selected but no discount is applied because the payment date is after the discount dates.
• C.The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.
• D.The installment is not selected because the first discount date is before the Pay Through Date.
• E.The installment is selected and a discount of $200 USD ($150 + $50) is applied.

Your customer has implemented English as base language and French as a local language. The customer's bank needs the payment file to be sent to them in French. What is the relevant step to do this for preparing the payment template?

• A.Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder, under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.
• B.Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale.
• C.Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with English locale.
• D.Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.

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?

• A.InvoiceApproversSingleParticipantInParallelMode
• B.InvoiceApproversParallelParticipantInParallelMode
• C.InvoiceApproversFYIParticipantInParallelMode
• D.Invoice Approvers