Last Updated: Jun 05, 2026
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1. 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 creates a refund for $225 USD and leaves the invoice unpaid.
B) The payment process request pays only $200 USD alone.
C) 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.
D) 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.
2. A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.
Which actions will accomplish this?
A) Create a Payment Process Request template that includes the Disbursement Bank Account.
B) Assign the Disbursement Bank Account to users to have the payment process default the bank account.
C) Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.
D) Define the Disbursement Bank Account to every supplier.
E) Define the Disbursement Bank Account to the Payment Method in payment default rules.
3. You have modified your tax setup and want to test the changes on actual Payables transactions. How do you validate before enabling for transaction?
A) by creating accounting in draft mode
B) by changing the tax status to test and then entering a payables invoice
C) by using Tax Simulator to test
D) by creating a payable invoice, and by validating and reviewing the tax application
E) Oracle Transactional Business Intelligence (OTBI)
4. What are the output formats supported for Electronic and Check format programs?
A) Electronic output format of Text, Check output format of Text
B) Electronic output format of eText, Check output format of rtf
C) Electronic output format of DATA (csv), Check output format of Zipped PDFs
D) Electronic output format of XML, Check output format of rtf
E) Electronic output format of PDF, Check output format of PDF
5. A company has three legal entities each with a corresponding business unit all within the same country. All organizations buy and sell the same products. You are configuring the tax setup.
What is the minimum number of Tax Regimes you need to configure for this company?
A) 6
B) 2
C) 3
D) 1
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,B | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: C |
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