Online Access Free 1z1-961 Exam Questions

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 doesn't select the invoice or credit memo for payment because the credit reduces the payment to - $25 USD, which is below zero.
• D.The payment process request creates a refund for $225 USD and leaves the invoice unpaid.

You entered an invoice of 12,000 and paid it for Office Supplies. The payment was never received by the supplier, and you decide to return the entire order.
What should you do?

• A.Void the payment, which debits cash and credits the liability, and then issue a credit memo, which debits the liability and credits the expense.
• B.Void the payment, which debits cash and credits the liability, and then cancel the invoice, which debits the liability and credits the expense.
• C.Issue a credit memo, which will debit the liability and credit the expense.
• D.Cancel the invoice, which debits the liability and credits the expense.

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

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

You have successfully processed the expense reports for reimbursement and have transferred the information to Payables.
What is the next step before you can pay them?

• A.Create Accounting for the invoice in Payables.
• B.Create a payment process request in Payments.
• C.Validate the invoice in Payables.
• D.Transfer the data to General Ledger.

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

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