Online Access Free 1z0-1055-20 Practice Test

What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2018 if the invoices with a Hold status have an invoice date of January 20, 2018?

• A.The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2018.
• B.The accounting dates of all unaccounted invoices will be changed to February 1, 2018, the first day of the next period.
• C.The accounting dates of all unaccounted invoices will change to February 28, 2018, the last day of the next period.
• D.The accounting dates of all unaccounted invoices will be changed to February 20,2018, the same day of the next period.

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

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

You need to enter a last-minute invoice during the close process. What is the quickest way to enter and post the invoice to general ledger?

• A.Enter and post a manual journal entry directly into the general ledger.
• B.Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option.
• C.Enter the invoice via a spreadsheet. Then, from the Manage Invoices page, query the invoice, validate it, create accounting, and then open general ledger's Manage Journals page and post the associated invoice journal entry.
• D.Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.

The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are correct? (Choose three.)

• A.All related withholding tax invoices are automatically voided.
• B.Any realized gain or loss previously calculated is reversed.
• C.Any previous accounting and payment records for an invoice are reversed.
• D.Voiding the payment automatically places an invoice on hold.
• E.All related interest invoices are reversed if previously created.

You are voiding a payment and have selected Cancel as the Invoice Action. After performing the void, you notice the invoice is not cancelled but has an Invoice Cancel hold on it.
What is reason for this?

• A.The invoice accounting date is not in the current open period.
• B.The invoice is already on hold.
• C.The invoice has been partially paid by another payment.
• D.The invoice date is not in the current open period.