A receipt of \$2,000. is received for an invoice that has \$1,500. as the amount due. The remittance advice does not state a reason for the overpayment. Identify the receipt state that should be displayed.

If a receipt's value exceeds the invoice amount and there is no remittance guidance, the entire receipt's status is 'unapplied' or 'partially applied' (with \$1500 applied and \$500 unapplied). According to Oracle Receivables standards, since the receipt has been partially applied to the invoice, the general state of the leftover amount or the receipt status changes, but if the receipt is partially applied, the correct state in the application process is 'unapplied' for the remaining $500. However, standard training questions list 'unapplied' as the stored answer because the unapplied portion is not yet allocated to 'on-account' or a specific refund.