Accounts Payable Cert Practice
Questions
A company has a requirement to default the disbursement bank account when
submitting a payment process request? (select 2)
a. define the disbursement bank account to every supplier
b. define the disbursement bank account to the payment method in payment default
rules
c. assign the disbursement bank account to users to have the payment process
default the bank account
d. create a payment process request template that includes the disbursement bank
account
e. define the disbursement bank account at the business unit level to have the
payment process derive the bank account - ------------ANS: d. create a payment
process request template that includes the disbursement bank account
e. define the disbursement bank account at the business unit level to have the
payment process derive the bank account
A company makes the payment in a currency different from the invoice and ledger
currency. What setup options are required to make the cross currency rate type the
default?
A. Manage Payable Options and Manage Invoice Options
,B. Manage Payable Options and Manage common options for Payables and
Procurement
C. Manage Invoice Options and Manage common options for Payables and
Procurement
D. Manage common options for Payables and Procurement and Manage
Procurement agents
E. Manage Invoice Options and Manage Procurement agents - ------------ANS: C.
Manage Invoice Options and Manage common options for Payables and
Procurement
A Payment Process Request was submitted and errors were found in the payment
file. The payment file and process were terminated. 2
A. The invoices are placed on payment hold.
B. The status of each payment in the payment file is Cancelled and the related
documents are available for future selection.
C. The status of the payment file is Cancelled.
D. The status of the payment file is Terminated.
E. The status of each payment in the payment file is Terminated. - ------------ANS: B.
The status of each payment in the payment file is Cancelled and the related
documents are available for future selection.
D. The status of the payment file is Terminated.
A payment Process Request was submitted and errors were found in the payment
file. The payment file and process were terminated. Which two statements are true?
A. The invoices are placed on payment hold.
B. The status of each payment file is cancelled and the related documents are
available for future selection.
C. The status of the payment is canceled.
, D. The status of the payment is terminated.
E. The status of each payment in the payment file is terminated. - ------------ANS: B
&D
After you submitted a Payment Process Request, you noticed errors. You want to
avoid the payments.
Identify two statements that indicate when it is not possible to void a payment.
A. A payment with the status of Issued.
B. A payment that has already cleared the bank.
C. A payment for an invoice with an associated Withholding Tax invoice.
D. A payment that has been accounted for and posted to General Ledger.
E. A payment that pays a prepayment that has been applied to an invoice. -
------------ANS: B. A payment that has already cleared the bank.
E. A payment that pays a prepayment that has been applied to an invoice.
An installment for $1,000 USD is due for payment on January 10, 2016. The
installment has two discounts: the first discount date is December 5, 2015 for $150
USD and the second discount date is December 20, 2015 for $50 USD. The Pay
Date Basis on the supplier site is Discount.
You submit a Payment Process Request with the following criteria;
- Payment Date = December 5, 2015
- Pay Through Date = December 25, 2015
- Date Basis = Pay Date
- Always Take Discount option is enabled
What will be the resulting status of the installment and discount?
Questions
A company has a requirement to default the disbursement bank account when
submitting a payment process request? (select 2)
a. define the disbursement bank account to every supplier
b. define the disbursement bank account to the payment method in payment default
rules
c. assign the disbursement bank account to users to have the payment process
default the bank account
d. create a payment process request template that includes the disbursement bank
account
e. define the disbursement bank account at the business unit level to have the
payment process derive the bank account - ------------ANS: d. create a payment
process request template that includes the disbursement bank account
e. define the disbursement bank account at the business unit level to have the
payment process derive the bank account
A company makes the payment in a currency different from the invoice and ledger
currency. What setup options are required to make the cross currency rate type the
default?
A. Manage Payable Options and Manage Invoice Options
,B. Manage Payable Options and Manage common options for Payables and
Procurement
C. Manage Invoice Options and Manage common options for Payables and
Procurement
D. Manage common options for Payables and Procurement and Manage
Procurement agents
E. Manage Invoice Options and Manage Procurement agents - ------------ANS: C.
Manage Invoice Options and Manage common options for Payables and
Procurement
A Payment Process Request was submitted and errors were found in the payment
file. The payment file and process were terminated. 2
A. The invoices are placed on payment hold.
B. The status of each payment in the payment file is Cancelled and the related
documents are available for future selection.
C. The status of the payment file is Cancelled.
D. The status of the payment file is Terminated.
E. The status of each payment in the payment file is Terminated. - ------------ANS: B.
The status of each payment in the payment file is Cancelled and the related
documents are available for future selection.
D. The status of the payment file is Terminated.
A payment Process Request was submitted and errors were found in the payment
file. The payment file and process were terminated. Which two statements are true?
A. The invoices are placed on payment hold.
B. The status of each payment file is cancelled and the related documents are
available for future selection.
C. The status of the payment is canceled.
, D. The status of the payment is terminated.
E. The status of each payment in the payment file is terminated. - ------------ANS: B
&D
After you submitted a Payment Process Request, you noticed errors. You want to
avoid the payments.
Identify two statements that indicate when it is not possible to void a payment.
A. A payment with the status of Issued.
B. A payment that has already cleared the bank.
C. A payment for an invoice with an associated Withholding Tax invoice.
D. A payment that has been accounted for and posted to General Ledger.
E. A payment that pays a prepayment that has been applied to an invoice. -
------------ANS: B. A payment that has already cleared the bank.
E. A payment that pays a prepayment that has been applied to an invoice.
An installment for $1,000 USD is due for payment on January 10, 2016. The
installment has two discounts: the first discount date is December 5, 2015 for $150
USD and the second discount date is December 20, 2015 for $50 USD. The Pay
Date Basis on the supplier site is Discount.
You submit a Payment Process Request with the following criteria;
- Payment Date = December 5, 2015
- Pay Through Date = December 25, 2015
- Date Basis = Pay Date
- Always Take Discount option is enabled
What will be the resulting status of the installment and discount?
