Oracle 1Z0-517 Practice Questions| TestInsights

Question 2

Which statement is FALSE about the Stop Payments Report?

AUse this report to review all current stop payments.

BPayables lists stop payments that were voided at a later time.

CPayables does not list stop payments that were voided at a later time.

DPayables does not list stop payments that were initiated, but then released at a later time.

Correct : B

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AUse this report to review all current stop payments.

BPayables lists stop payments that were voided at a later time.

CPayables does not list stop payments that were voided at a later time.

DPayables does not list stop payments that were initiated, but then released at a later time.

Question 3

XYZ Corporation uses Fixed Assets to manage their Asset transactions such as capitalizing, depreciating, adjusting, and retiring. After assets are purchased and the invoice is entered and accounted for, the company runs the Mass Additions Create process to send assets to Fixed Assets.

When the purchase order is written, which account must be specified on the purchase order distribution for the charge account?

Athe material account associated with the inventory organization

Bthe AP trade liability account associated with the operating unit

Cthe asset cost account associated with an asset category in Assets

Dthe asset clearing account associated with an asset category in Assets

Correct : D

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Athe material account associated with the inventory organization

Bthe AP trade liability account associated with the operating unit

Cthe asset cost account associated with an asset category in Assets

Dthe asset clearing account associated with an asset category in Assets

Question 5

Which two statements are true if you select the QuickMatch invoice type? (Choose two.)

AYou can use QuickMatch to match individual distribution lines.

BYou can use QuickMatch to match individual purchase order shipments.

CPayables automatically completes the match to all available shipments on the purchase order.

DPayables automatically creates invoice distributions on the basis of the purchase order distributions.

Correct : C, D

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AYou can use QuickMatch to match individual distribution lines.

BYou can use QuickMatch to match individual purchase order shipments.

CPayables automatically completes the match to all available shipments on the purchase order.

DPayables automatically creates invoice distributions on the basis of the purchase order distributions.

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