Free Access Oracle.1z0-1055-22.v2023-11-27.q48 Practice Test (Page 6)

Question 21

Which three are valid reasons why you cannot close your Payables period? (Choose three.)

A.Bills payable requiring maturity

B.Unaccounted invoices and payments

C.Unapplied prepayments

D.Suppliers on payment holds

E.Incomplete payment files

Question 22

Your client wants the subledger journal entry description to be transferred to general ledger.
Which two could be used to enable this? (Choose two.)

A.Set the General Ledger Journal Entry Summarization option to Summarize by general ledger date

B.Set the General Ledger Journal Entry Summarization option to Group by general ledger period

C.Set the General Ledger Journal Entry Summarization option to Group by general ledger date

D.Set the General Ledger Journal Entry Summarization option to Summarize by general ledger period

Question 23

After you submitted a Payment Process Request, you noticed errors. You want to void the payments. Identify two statements that indicate when it is not possible to void a payment. (Choose two.)

A.A payment that pays a prepayment that has been applied to an invoice.

B.A payment that has already cleared the bank.

C.A payment that has been accounted and posted to General Ledger.

D.A payment with the status of Issued.

E.A payment for an invoice with an associated Withholding Tax invoice.

Question 24

You created a payment and before it is cashed by the supplier you mistakenly submitted a request to stop payment. Later you canceled the request to stop payment. What is the resulting payment status?

A.Voided

B.Negotiable

C.Stop initiated

D.Available

E.Canceled

F.Cleared

Question 25

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

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

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

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

D.The purchase order payment term cannot be overridden.

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

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Question 21

Question 22

Question 23

Question 24

Question 25

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