Free Oracle 1Z1-1055 Exam Dumps Questions & Answers

What is the result of voiding a payment?

• A.A bills payable payment was created but is not yet matured.
• B.A stop payment request has been initiated to the bank.
• C.The payment is no longer valid.
• D.The payment is reconciled to the bank statement.

What is the invoice type of an unapproved, unmatched invoice that was created in the Supplier Portal?

• A.Credit Memo
• B.Supplier payment request
• C.iSupplier Invoice
• D.Standard Invoice
• E.Standard invoice request

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? (Choose two.)

• A.Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
• B.An expense report may require original, imaged, or both types of receipts.
• C.Receipts are not required if the expense item falls within Per Diem Rates.
• D.Expenses do not create payment requests for expense reports that have missing or overdue receipts.

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 applies $200 USD of the credit memo to the invoice, leaving a remaining credit of $25 USD, and creates a payment for $0 USD.
• B.The payment process request pays only $200 USD alone.
• C.The payment process request creates a refund for $225 USD and leaves the invoice unpaid.
• D.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.

Which two statements are true about the Invoice Validation process? (Choose two.)

• A.creates accounting entries in draft
• B.updates supplier balances
• C.validates project information
• D.opens the relevant accounting period
• E.creates tax lines and distributions