Online Access Free 1Z0-215 Exam Questions

Which two statements are true about defining payment documents? (Choose two.)

• A.Use the Payment Documents window to define payment documents for internal, customer, and supplier bank accounts.
• B.Credit and debit memos and checks are examples of payment documents.
• C.You can create only one payment document for each internal bank account.
• D.Checks and electronic payments are examples of payment documents.
• E.You must create at least one payment document before you can use a bank account to create invoice payments.

Identify the report that is used to reconcile the Accounts Payable liability balance at period end.

• A.Payables Posted Invoice Register
• B.Uninvoiced Receipts Report
• C.Matched and Modified Receipts Report
• D.Accounts Payable Trial Balance
• E.Payables Posted Payment Register
• F.Accrual Write-Off Report

Identify two types of inquiries that are possible on ledger sets. (Choose two.)

• A.an account inquiry on ledger sets to view encumbrance account balances across multiple ledgers that are assigned to a ledger set
• B.an account inquiry on ledger sets to view actual accounts balances across multiple ledgers that are assigned to a ledger set
• C.a budget balance inquiry to view the budgeted figures
• D.summary template and summary account inquiries
• E.variance inquiry

Payables leverages E-Business Tax to set up, calculate, and manage transaction taxes, such as Sales, VAT and Offset taxes. Which two taxes are NOT calculated and managed by Payables? (Choose two.)

• A.recoverable tax
• B.vehicle license
• C.excise
• D.property
• E.customs duty

ABC Corporation has closed their APR-XX accounting period. The APR-XX period started on 27MAR-20XX and ended on 26-APR-20XX. To ensure that all accounting from APR-XX has been sent to General Ledger, they must run two Trial Balance Reports, the Posted Invoice Register, and the Posted Payment Register. What dates must be used to run Accounts Payable Trial Balance Reports?

• A.one run for 01-APR-20XX and one for 30-APR-20XX
• B.one run for 27-MAR-20XX and one for 26-APR-20XX
• C.one run for 26-MAR-20XX and one for 26-APR-20XX
• D.one run for 31-MAR-20XX and one for 30-APR-20XX