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1. Which attributes on the payables invoice can be used during approval rule creation?
A) company segment, cost center segment, supplier, and Attribute 1 on the invoice line
B) supplier only
C) company and cost center segment only
D) cost center segment and supplier only
2. Which three are valid reasons why you cannot close your Payables period? (Choose three.)
A) Unaccounted invoices and payments
B) Bills payable requiring maturity
C) Incomplete payment files
D) Suppliers on payment holds
E) Unapplied prepayments
3. The payment build program has completed but with errors.
When submitting the payment process request, which processing option is used to review the error messages from the Manage Payment Process Request Inquiry?
A) Set the validation failure handling for payments to "stop process for review."
B) Enable debug for the payment format program.
C) Set the validation failure handling for documents to "show errors."
D) Set the validation failure handling for payments to "show errors."
4. If you accidentally paid an invoice using Create Payment flow, can you undo the operation?
A) Cancel the invoice and create a new one.
B) yes, by canceling the payment process from the process monitor
C) no
D) yes, by creating a credit memo to offset the payment
E) yes, by voiding the payment created
5. An invoice for $200 USD and a credit memo for $225 USD are due for payment and the "Apply credits up to zero amount" option is enabled for the payment process request. Which statement is correct?
A) The payment process request pays only $200 USD alone.
B) The payment process request creates a refund for $225 USD and leaves the invoice unpaid.
C) The payment process request doesn't select the invoice or credit memo for payment because the credit reduces the payment to - $25 USD, which is below zero.
D) The payment process request applies $200 USD of the credit memo to the invoice, leaving a remaining credit of $25 USD, and creates a payment for $0 USD.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A,C,E | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: A |
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