Oracle Exam 1z0-1107-2 Topic 2 Question 32 Discussion

Actual exam question for Oracle's 1z0-1107-2 exam

Question #: 32
Topic #: 2

Invoice Number TRS11212 for USD 10000 was recorded for the customer Easy Solutions and it became due last week. The customer had made a payment for USD 8000 on the due date and requested for an additional 7 days' time to pay the remaining amount. You have decided to close the original invoice and create another debit item for the remaining amount of USD 2000. Which type of transaction would you create to record the debit item for USD 2000? (Choose the best Answer.)

AChargeback

BWrite Off

CInvoice

DDebit Memo

Show Suggested Answer

Suggested Answer: D

Debit Memo is the type of transaction that you would create to record the debit item for USD 2000. A debit memo is a transaction that increases the amount owed by a customer, such as a partial payment, a penalty, or a price adjustment.You can create a debit memo to close the original invoice and generate a new invoice for the remaining amount1.Reference:Oracle Financials Business Process Certified Foundations Associate Rel 1

by Emmanuel at Sep 15, 2024, 03:01 PM

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Wilbert

2 months ago

Well, at least the customer didn't try to 'charge back' the whole thing! D) Debit Memo is the clear choice in this case.

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Lavonne

2 months ago

Haha, I bet the customer is wondering if they can get a 'discount memo' instead of a debit memo. But seriously, D) Debit Memo is the way to go here.

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Patria

26 days ago

It's important to maintain accurate records by using the correct transaction type, like a Debit Memo in this case.

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Samira

1 months ago

The customer should understand that a Debit Memo is the standard procedure for this situation.

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Lon

1 months ago

I agree, D) Debit Memo is the correct choice for recording the remaining amount.

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Goldie

2 months ago

Hmm, I was considering B) Write Off, but that doesn't quite fit the scenario since the customer is still paying a portion of the invoice. D) Debit Memo makes the most sense to me.

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