Online Access Free 1Z0-1005 Exam Questions

If you accidentally paid an invoice using Create Payment flow, can you undo the operation?

• A.yes, by creating a credit memo to offset the payment
• B.Cancel the invoice and create a new one.
• C.yes, by voiding the payment created
• D.yes, by canceling the payment process from the process monitor
• E.no

Which attributes on the payables invoice can be used during approval rule creation?

• A.company and cost center segment only
• B.company segment, cost center segment, supplier, and Attribute 1 on the invoice line
• C.cost center segment and supplier only
• D.supplier only

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

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

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?

• A.Both the invoice and the credit memo are paid and a refund of $25 USD is created.
• B.Both the invoice and the credit memo are selected and the Payment Process Request requires attention.
• C.Both the invoice and credit memo are included in the payment process request for a payment amount of
  $0 USD. The credit memo is partially paid with a remaining credit of $25 USD.
• D.Neither the invoice nor the credit memo are included in the payment process request because the credit reduces the payment amount below zero.

You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements. (Choose two.)

• A.For period end accruals, accounting is created at material receipt or at delivery to a final destination.
• B.For period end accruals, the invoice accounting debits the expense account and credits the liability account.
• C.For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits the uninvoiced receipts.
• D.For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.