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NEW QUESTION 36
You created a bills receivable that is factored with recourse and applied a wrong receipt to the short-term debt before the bill maturity date plus the risk elimination days.
Which actions are true? (Choose two.)

A. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Unpaid.B. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Recall.C. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Pending Remittance.D. If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Hold.E. If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Protested.

Answer: B,C

Explanation:
For bills receivable factored with recourse, receipts are applied to short term debt before the bill maturity date plus risk elimination days. For receipts applied to short term debt, use the Recall action to recall the bill receivable and reverse these receipt applications.

 

NEW QUESTION 37
You are creating a remittance bank account for the factored with recourse bills receivable remittance receipt method.
Which bank account setup controls receipt application to short-term debt?

A. risk elimination daysB. recall daysC. short-term debt clearing daysD. collection daysE. clearing daysF. lead days

Answer: C

 

NEW QUESTION 38
Your client's legacy system uses a hierarchical parent/child relationship to organize customer information because a single customer may have more than one bank account or payment method.
Does this prevent you from using the Oracle Fusion Trading Community Model Data Import program?

A. No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.B. Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.C. The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not Accounts Receivable.D. The program allows the use of parent, child, and grandchild table hierarchies, but it requires multiple Customer Master records for each customer within the hierarchy.E. The program allows table hierarchies for customer bank accounts, but not for other customer information.

Answer: B

 

NEW QUESTION 39
Which statement is true about Balance Forward Billing?

A. The Balance Forward Bill of a previous cycle need not be generated as Final to generate the Balance Forward Bill of the current cycle.B. Balance Forward Bills must be enabled at each bill-to-site level.C. Balance Forward Bills can be created for a future date.D. Transactions included on a Balance Forward Bill can be updated.

Answer: B

 

NEW QUESTION 40
You have been challenged by the Implementation team to configure AutoAccounting for the Revenue Account Type.
From which three tables can the segment value be defaulted? (Choose three.)

A. SalespersonB. Ship to siteC. TaxesD. Transaction TypesE. Standard Lines

Answer: A,C,E

 

NEW QUESTION 41
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