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Question 1

You have created two transactions with a 30-day payment term. The first transaction is on January 29, 2015 and the second transaction is on January 31, 2015. The invoice date is the same as the system date. Both transactions are assigned an unsigned receipt method that has the lead days set to 60, number of bills receivable rule set to one per customer, and the bills receivable maturity date rule set to latest.

Which statement is true when the create bills receivable batch is processed for a customer on January 31, 2015?

Options :

A : A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 2, 2015.

B : A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as February 28, 2015.

C : A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 30, 2015.

D : Two Bills Receivable transactions are created with maturity dates as March 30, 2015 and April 1, 2015.

E : Two Bills Receivable transactions are created with the issue dates as January 29, 2015 and January 31, 2015.

F : Two Bills Receivable transactions are created with the issue date and accounting date as January 29, 2015 and January 31, 2015, respectively.

Answer: D

Question 2

You are utilizing the ''Upload Customer From Spreadsheet'' option. What information on the Customer Worksheet must be unique for each customer record?

Options :

A : Customer Number, Customer Account Number, Customer Site Number

B : Customer Name, Customer Billing Address, Customer Bank Account

C : Customer Name, Customer Account Number, Customer Site Number

D : Customer Number, Customer Billing Address, Customer Bank Account

Answer: A

Question 3

A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval limit.

What is the status of the adjustment?

Options :

A : Pending Approval

B : Forwarded for Approval

C : Pending Research

D : Approval Required

Answer: A

Question 4

Which four output file types are available when you run the ''Print Receivables Transactions'' program?

Options :

A : JPG

B : PDF

C : Excel

D : HTML

E : Word

F : Zipped PDFs

Answer: A,B,C,D

Question 5

Which setup is required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices?

Options :

A : Intercompany invoicing must be enabled in Payables Invoice Options.

B : Same tax rate code must be populated in Intercompany System Options for both Payables and Receivables invoices.

C : Intercompany invoicing must be enabled in Receivables System Options.

D : Receiver and provider business units and legal entities must be subscribed to the applicable tax regime on the transaction date.

Answer: D

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