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Home Oracle 1z0-1055-21

Oracle 1z0-1055-21 Exam Practice Questions (P. 4)

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Question #16
In which two ways does the invoice imaging solution work in the cloud? (Choose two.)
  1. A
    Customers ask suppliers to send electronic invoices.
  2. B
    Customers ask their suppliers to scan and email the invoice.
  3. C
    Customers scan and store the invoice images on-premise and attach them during invoice entry.
  4. D
    Customers scan the invoice on-premise and email the images.
  5. E
    Customers cannot use invoice imaging in the Cloud.

Correct Answer:
BD

Question #17
Which two invoice types can have a status of Incomplete? (Choose two.)
  1. A
    Supplier Portal Invoices which are rejected and resubmitted for approval
  2. B
    Scanned Invoices with incomplete or missing information
  3. C
    Scanned Invoices which are rejected during import
  4. D
    Prepayment Invoices which are fully paid but not applied against any invoice
  5. E
    Supplier Portal Invoices which are saved but not yet submitted

Correct Answer:
AB

Question #18
You use corporate cards with expenses and have implemented the Company Pay payment option. An employee incurred the following expenses.
What is the resulting payment amount made to the employee for these expenses?
  1. A
    1449
  2. B
    201
  3. C
    949
  4. D
    500

Correct Answer:
C

Question #19
You have successfully processed the expense reports for reimbursement and have transferred the information to Payables.
What is the next step before you can pay them?
  1. A
    Create a payment process request in Payments.
  2. B
    Create Accounting for the invoice in Payables.
  3. C
    Validate the invoice in Payables.
  4. D
    Transfer the data to General Ledger.

Correct Answer:
C

Question #20
Certain suppliers that your customer regularly deals with are exempt from tax.
How should you configure tax for this?
  1. A
    Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
  2. B
    Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.
  3. C
    Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.
  4. D
    Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.

Correct Answer:
D

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