The purpose of standard memo lines in oracle receivables is to create list of value selections for _____
A. Adding predefined notes to invoices
B. Entering Goods and services on invoices
C. Entering reason codes on credit memos
D. Entering reason codes on any transactions
ABC Inc needs to restrict the activities that certain responsibilities can perform for cash receipts. What are the options.
A. View , Enter, Update and delete only
B. View, Enter and Delete only
View, Enter, Maintain and update only
View, Enter, Maintain, update and delete only
Which step is mandatory for processing automatic receipts
A. Create, Enter and Apply
B. Create, Remit and Process
C. Create , Approve and Format
D. Create, Approve, Format, Confirm and Remit
Which statement is not true about accounting rule
A. Accounting rule enable you to defer revenue
B. Accounting Rule enables you to define fixed and variable rule to recognize revenue
C. Accounting rule enable you to define the number of periods and precentage of total revenue that you can record in each accounting period
D. Accounting rule enables you to define the number of periods and amount of invoice that you can bill your customer in each accounting period
_________ program generates GL distributions for revenue in each transaction line that uses accounting rule and invoicing rules
A. Revenue Recognition program
B. Create Accounting Program
C. Auto Reconciliation Program
D. AR to GL Reconciliation program
Manual invoice can be created ____________
A. with GL Date in closed period
B. with An inactive customer
C. without specifying the Bill To Customer
D. with GL Date in Open period
Invoice Print New Invoices Program
A. Print All the transaction that have the print status as 'Print'
B. Print all the transaction that have the print status as ' Do not print'
C. Print all the transaction that have not been printed previously and have a print status of 'Print'.
D. Print all the transaction that have been printed previously and have a print status of 'Print'.
Which of the following is not a valid receipt status
A. Approved
B. Remitted
C. Pending for Approval
D. Cleared
__________setting indicates whether the customer is included in the current cycle of dunning correspondence or not.
A. Exclude from dunning
B. Remove from dunning
C. Include in Dunning
D. Add in Dunning
The Approval Limits have not been setup. Which of the invoice creation methods may not work?
A. Refund
B. Debit Memo
C. Adjustment
D. On-Account Credit