Free Oracle 1Z0-1055 Exam Dumps Questions & Answers

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

Which invoice types can be included in the Create Payment flow?

• A.Standard, Debit Memo and Customer Refund
• B.Standard, Credit Memo and Customer Refund
• C.Standard, Credit Memo, and Invoice Request
• D.Standard, Credit Memo and Debit Memo

Select three reasons why you cannot close your Payables period. (Choose three.)

• A.unaccounted invoices and payments
• B.bills payable requiring maturity
• C.unapplied prepayments
• D.suppliers on payment holds
• E.open intercompany transactions

Your intercompany transaction type is active and enabled for invoicing. What are the two prerequisites to generate intercompany receivables and intercompany payable transactions after the Generate Intercompany Allocations process is run? (Choose two.)

• A.Run the processes Transfer Intercompany transactions to Receivables and Transfer Intercompany transactions to Payables.
• B.For the Legal Jurisdiction, Legal function: "Generate intercompany invoice" should be assigned.
• C.Manual Approvals should be allowed for the transaction type.
  References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAUGL/FAUGL1476872.htm
• D.Supplier site primary pay flag and customer account bill to primary flag should be enabled.
• E.Schedule create accounting for the intercompany process.
• F.Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.

A Bill Payable document was paid but has not yet matured.
What is the status of the payment?

• A.In Transit
• B.Cleared
• C.Issued
• D.Negotiable