An installment for $1,000 USD is due for payment on January 10, 2016. The installment has two discounts: the first discount date is December 5, 2015 for $150
USD and the second discount date is December 20, 2015 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, 2015
-> Pay Through date = December 25, 2015
-> Date Basis = Pay Date
-> Always Take Discount option is enabled
What will be the resulting status of the installment and discount?
Answer : C
An installment for $2,000 USD is due for payment on July 31, 2016. The installment has two discounts: the first discount date is June 15, 2016 for $150 USD and the second discount date is June 30, 2016 for $50 USD.
You submit a Payment Process Request with the following criteria:
-> Payment Date = June 20, 2016
-> Pay Through Date = July 30, 2016
-> Date Basis = Due Date
What will be the resulting status of the installment and discount?
Answer : C
Which statement is true about selecting a bank account on the Create Payment page?
Answer : E
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?
Answer : D
The expense auditor has chosen to Request More Information for an expense report. Select two ways the system processes this action.
Answer : AD
What is the difference between subject areas that append the word "Real Time" and those that do not?
Answer : B
An invoice for $1,000 USD and a credit memo for ($1,100) USD are due for payment. What are the two outcomes if you chose the "Apply Credits Up to Zero
Amount" option when submitting a Payment Process Request?
Answer : AD
The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are correct?
Answer : ABD
You have an invoice for a three-month lease and wish to recognize the expense monthly for the duration of the lease.
What must be entered on the invoice in order to do this?
Answer : D
Your company policy requires that receipts be attached to expense report items before reimbursement can be made.
Which two statements are true about the association of a receipt to an expense report?
Answer : CD
You have an invoice for $200 USD and a credit memo for $225 USD. In other words, the credit amount exceeds the invoice amount. If you enable the option to apply credits up to zero amount payment, then how will the invoice and credit memo be paid?
Answer : C
While processing an expense report, the system placed a payment hold on the expense report. What are two ways to release payment holds?
Answer : DE
Which reports can show you differences between your subledger balances and general ledger balances to help you reconcile quickly?
Answer : A
You want to have an invoice line automatically distributed across multiple cost centers. For example, you want your monthly utility bill allocated across multiple cost centers based on a percentage.
Select two methods to achieve this.
Answer : AB
You have created an approval rule as follows:
Rule 1: If the invoice amount > $1000, route it to User 1.
Rule 2: If the invoice amount < $1000, auto approve it.
Now, the user creates an invoice for $1000 and routes it for approval. What will happen?
Answer : A