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NEW QUESTION 52
You have invoices with distributions across primary balancing segments that represent different companies.
What feature should you use if you want the system to automatically balance your invoice's liability amount across the same balancing segments on the invoice distributions?

  • A. Intercompany Balancing
  • B. Payables' Allow Reconciliation Accounting
  • C. Suspense Accounts
  • D. Subledger Accounting's Account Rules
  • E. Payable's Automatic Offset

Answer: E

Explanation:
If you do not enable Automatic Offsets, Payables records the invoice liability using the liability account on the invoice, which defaults from the supplier site. When you distribute invoice distributions across multiple balancing segments, the invoice will not balance by balancing segment. However, General Ledger can automatically create intercompany balancing entries when you post the invoice if you have enabled the Balance Intercompany Journals option for your set of books.
References:https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/autoff01.htm

 

NEW QUESTION 53
You entered an invoice of 12,000 and paid it for Office Suppliers. The payment was never received by the supplier, and you decide to return the entire order. What should you do?

  • A. Issue a credit memo, which will debit the liability and credit the expense.
  • B. Void the payment, which debits cash and credits the liability, and then issue a credit memo, which debits the liability and credits the expense.
  • C. Cancel the invoice, which debits the liability and credits the expense.
  • D. Void the payment, which debits cash and credits the liability, and then cancel the invoice, which debits the liability and credits the expense.

Answer: D

 

NEW QUESTION 54
What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?

  • A. data that is metric and can be added up or aggregated
  • B. information about a business object with values that are dates, Ids or text
  • C. data that provides a measure of something
  • D. values that are organized into parent-child relationships

Answer: B

 

NEW QUESTION 55
……

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