Oracle 1z0-518 Exam Practice Questions (P. 5)
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Question #21
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?
Which is the correct method of entering the receipt In Oracle Accounts Receivable?
- AEnter the receipt as an unapplied receipt.
- BEnter the receipt as an unidentified receipt.
- CEnter the receipt as an on-account receipt.
- DEnter the receipt as a miscellaneous receipt.
- EEnter the receipt by applying it to a dummy customer account.
Correct Answer:
B
http://www.club-oracle.com/forums/ciso-latest-test-exam-1z0-216-a-t1706/
B
http://www.club-oracle.com/forums/ciso-latest-test-exam-1z0-216-a-t1706/
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Question #22
A receipt of $2,000 Is received for an Invoice that has $1,500 as the amount due. The remittance advice does not state a reason for the overpayment Identify the receipt state that should be displayed;
- Aapplied
- Bunapplied
- Con-account
- Dunidentified
- Epartially applied
Correct Answer:
B
http://www.scribd.com/doc/27318827/1Z0-216-Oracle-EBS-R12-General-Ledger-and-Receivables-Fundamentals
B
http://www.scribd.com/doc/27318827/1Z0-216-Oracle-EBS-R12-General-Ledger-and-Receivables-Fundamentals
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Question #23
Which four transaction types or activities are affected by the "AR: Disable Receivable Activity Balancing Segment" profile option? (Choose four.)
- Ainvoices
- Badjustments
- Clate charges
- Ddebit memos
- Ecredit memos
- Fdiscounts (both earned and unearned)
- Gactivity applications (such as receipt write-off, short-term debt, and claims Investigation)
Correct Answer:
BCFG
http://www.erpstuff.com/forums/pop_printer_friendly.asp?TOPIC_ID=1994
BCFG
http://www.erpstuff.com/forums/pop_printer_friendly.asp?TOPIC_ID=1994
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Question #24
You are Involved In a project to upgrade to Oracle E-Business Suite, Release 12. You need more information about the upgrade processes and paths.
Where would you find the upgrade guide for Oracle E-Business Suite?
Where would you find the upgrade guide for Oracle E-Business Suite?
- AAppsNet
- BBug Database
- CTechnical Forums
- DMetaLink Knowledge Base
- EOracle Technology Network
- FCustomer Knowledge Exchange
Correct Answer:
D
D
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Question #25
MT Services has several operating companies set up as balancing segment values In Its chart of accounts. There is only one sales tax rate that is applicable to its services. However, for accounting purposes, MT Services must track the sales tax by operating company.
Except for some government agencies that are customers, sales tax is applicable to all customers. The controller wants to know the minimum setup steps that MT
Services must perform.
Choose the three minimum setups needed in Receivables and E-Business Tax to charge sales tax.
(Choose three.)
Except for some government agencies that are customers, sales tax is applicable to all customers. The controller wants to know the minimum setup steps that MT
Services must perform.
Choose the three minimum setups needed in Receivables and E-Business Tax to charge sales tax.
(Choose three.)
- Atax groups
- Blocation sales tax
- CAutoAccounting for tax
- Dtax classification codes
- Eassigning tax code to transaction type
- Ftax exemptions for customers and customer sites
Correct Answer:
BCF
http://it.toolbox.com/blogs/enterprise-solutions/oracle-financials-implementation-ndash-ar-setup-workshops-sample-37800
BCF
http://it.toolbox.com/blogs/enterprise-solutions/oracle-financials-implementation-ndash-ar-setup-workshops-sample-37800
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