Prepare with Oracle 1Z0-1055-23 exam torrent, pass for sure

After you submitted a Payment Process Request, you noticed errors. You want to void the payments. Identify two statements that indicate when it is not possible to void a payment.

• A. A payment that has been accounted and posted to General Ledger.
• B. A payment that has already cleared the bank.
• C. A payment for an invoice with an associated Withholding Tax invoice.
• D. A payment that pays a prepayment that has been applied to an invoice.
• E. A payment with the status of Issued.

A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.
Which two actions will accomplish this?

• A. Define the Disbursement Bank Account to the Payment Method in payment default rules.
• B. Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.
• C. Create a Payment Process Request template that includes the Disbursement Bank Account.
• D. Assign the Disbursement Bank Account to users to have the payment process default the bank account.
• E. Define the Disbursement Bank Account in the Payment tab at the supplier site level.

What two job roles are required to access information within Functional Setup Manager?

• A. Any Functional User
• B. Functional Setup Manager Superuser
• C. IT Security Manager
• D. Application Implementation Manager
• E. Application Implementation Consultant

An installment for $1,000 USD is due for payment on January 10, 2019. The installment has two discounts: the first discount date is December 5, 2018 for $150 USD and the second discount date is December 20, 2018 for $50 USD. The Pay Date Basis on the supplier site is Discount.
You submit a Payment Process Request with the following criteria:
Payment Date = December 5, 2018
Pay Through Date = December 25, 2018
Date Basis = Pay Date
Always Take Discount option is enabled
What will be the resulting status of the installment and discount?

• A. The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.
• B. The installment is selected but no discount is applied because the payment date is after the discount dates.
• C. The installment is selected and a discount of $50 USD (the second discount) is applied.
• D. The installment is not selected because the first discount date is before the Pay Through Date.
• E. The installment is selected and a discount of $200 USD ($150 + $50) is applied.

An Office supplies company requires an advance payment of $8000 for the office supplies you wish to order. You enter and pay a prepayment type invoice for $8000. You enter the standard invoice to book the expense which totals $10000 and you apply the prepayment to the standard invoice.
What are the accounting entries for that standard invoice with the prepayment application?

• A. Invoice Accounting - Dr Prepayment Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr Expense Account 8000 Cr Prepayment Account 8000.
• B. Invoice accounting - Dr Prepayment Account 10000 Cr AP Liability Account 10000.The prepayment application has no impact on the Invoice.
• C. Invoice accounting - Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr AP Liability Account 2000 Cr Prepayment Account 2000.
• D. Invoice accounting - Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr AP Liability 8000 Cr Prepayment Account 8000.