Tag: technology

Quizzes (307) Questions (36705)

Questions Related to technology

Multiple choice technology packaged enterprise solutions

A clerk from ABC Inc., receives a customer receipt that does not have sufficient information to identify the customer or invoice. Which is the correct method of entering the receipt in Oracle Accounts Receivable?

  1. A. Enter the receipt as an unapplied receipt.

  2. B. Enter the receipt as an unidentified receipt.

  3. C. Enter the receipt as an on-account receipt.

  4. D. Enter the receipt as a miscellaneous receipt.
Reveal answer Fill a bubble to check yourself
B Correct answer
Full explanation
Multiple choice technology packaged enterprise solutions

Suppose that there are no seeded setup values. Which three setup steps are required before entering transactions? A. Define the Sales Tax Location flexfield. B. Define a transaction type. C. Define a receivable activity. D. Define an invoice grouping rule. E. Define a transaction batch source. F. Define at least one customer with a Bill To business purpose. G. Define at least one customer with a Ship To business purpose.

  1. A. B,E,G

  2. B. B,D,E,F

  3. C. B,D,E,G

  4. D. B,E,F
Reveal answer Fill a bubble to check yourself
D Correct answer
Full explanation
Multiple choice technology packaged enterprise solutions

A miscellaneous receipt is entered by mistake and posted to GL. What is the best method to reverse the miscellaneous receipt

  1. A. Carry out the standard reversal of the miscellaneous receipt

  2. B. Carry out the debit memo reversal of the miscellaneous receipt

  3. C. Create receivable activity adjustment for the reversal of the miscellaneous receipt

  4. D. Create a journal entry in general ledger to reverse the accounting impact created by the posting of the miscellaneous receipt.
Reveal answer Fill a bubble to check yourself
A Correct answer
Full explanation