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Download Oracle Financials Cloud: Receivables 2022 Implementation Professional Exam Dumps
NEW QUESTION 43
Which two statements are true about Accounting for Tax on Receivables? (Choose two.)
- A. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account of the tax code.
- B. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account that is defined on the receivable activity.
- C. For Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to Yes, Receivables derive the item distribution from the invoice and the tax account from auto-accounting.
- D. For Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to No, Receivables derive the tax account from auto-accounting.
- E. For Miscellaneous receipts, if the receivable activity tax rate code source is Activity for the activity type of Miscellaneous Cash, Receivables use the tax account that is defined on the receivable activity.
- F. For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables derive the tax account from auto-accounting.
Answer: B,C
NEW QUESTION 44
A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval limit.
What is the status of the adjustment?
- A. Forwarded for Approval
- B. Pending Approval
- C. Pending Research
- D. Approval Required
Answer: B
NEW QUESTION 45
Where is the summary delinquency data displayed on the Collections Dashboard?
- A. Activity tab
- B. Correspondence tab
- C. Profile tab
- D. Aging tab
Answer: C
NEW QUESTION 46
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