Question 1

An installment meets all the selection criteria of a Payment Process Request, but it still does not get selected for payment processing. What are the two reasons for this?

Options :

A : The pay-through date is in a future period.

B : The pay-through date is in a closed Payables period.

C : The invoice needs re-validation.

D : The invoice requires approval.

E : The invoice has not been accounted.

Answer: C,D

Question 2

Which three options are available to filter data when you submit thePrepare Payables to Ledger Reconciliation Report?

Options :

A : Business Unit

B : Accounting Period

C : Balancing Segment Value

D : Supplier

E : Primary Ledger

F : Natural Account

Answer: A,B,C

Question 3

A Payables user creates a manual invoice, and a Withholding Tax Classification Code defaults on the invoice line when the invoice is saved. Where does this Withholding Tax Classification Code default from?

Options :

A : From the Site Assignments of the Supplier Site

B : From the Party Tax Profile of the Third Party Site

C : From the Ship-to Location selected on the invoice

Answer: A

Question 4

Which three are valid reasons why you cannot close your Payables period?

Options :

A : Unapplied prepayments

B : Incomplete payment files

C : Bills payable requiring maturity

D : Unaccounted invoices and payments

E : Suppliers on payment holds

Answer: B,C,D

Question 5

You are testing the Payables to General Ledger Reconciliation report at the ledger level for your UK Ledger. You have run and selected the extract for the report but the request returned the message: "No data to display". What is the reason for this?

Options :

A : The reconciliation flag has not been enabled for your liability accounts.

B : You did not specify the range of liability accounts to include in the extract.

C : You did not select the business units associated to the UK Ledger.

D : The financial category of Accounts Payable is not assigned to the liability accounts.

Answer: D

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