Oracle Exam 1Z0-1055-20 Topic 1 Question 31 Discussion

Actual exam question for Oracle's 1Z0-1055-20 exam

Question #: 31
Topic #: 1

You have an invoice for $200 USD and a credit memo for $225 USD. In other words, the credit amount exceeds the invoice amount. If you enable the option to apply credits up to zero amount payment, then how will the invoice and credit memo be paid?

ANeither the invoice nor the credit memo are included in the payment process request because the credit reduces the payment amount below zero.

BBoth the invoice and the credit memo are paid and a refund of $25 USD is created.

CBoth the invoice and credit memo are included in the payment process request for a payment amount of $0 USD. The credit memo is partially paid with a remaining credit of $25 USD.

DBoth the invoice and the credit memo are selected and the Payment Process Request requires attention.

Show Suggested Answer

Suggested Answer: C

When you submit a 'payment process request', you can enable the Apply credits up to zero amount payment option. Enabling the option causes the payment process to apply credits when the credits reduce the payment amount below zero.

The following scenario illustrate the impact of this option.

Credit Amount Greater Than Invoice Amount

An invoice for 200 USD and a credit memo for 225 USD are due for payment.

The following tabledescribes the payment processing that occurs based on the setting for the Apply credits up to zero amount payment option.

Assume that the ''Apply Credits Up to Zero Amount'' option is enabled.

Payment processing applies 200 USD of the credit memo to the invoice and creates a payment for 0 USD. The remaining credit is 25 USD.

References:https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9F438E13CC89BA0CE040D30A68816F77

by Pamella at May 05, 2022, 02:37 AM

Limited Time Offer

25%

Off

Get Premium 1Z0-1055-20 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Currently there are no comments in this discussion, be the first to comment!