Oracle Exam 1Z0-517 Topic 4 Question 55 Discussion

Actual exam question for Oracle's 1Z0-517 exam

Question #: 55
Topic #: 4

Which three statements are true about prepayments? (Choose three.)

AYou cannot enter prepayments invoices in the Quick Invoice window.

BYou cannot change a permanent type prepayment to a temporary type prepayment.

CYou can only partially apply a prepayment to an invoice if the prepayment is partially paid.

DA prepayment is a type of invoice that you enter to make an advance payment to a supplier or employee.

ETemporary prepayments can be applied to invoices or expenses reports. Permanent prepayments cannot be applied to invoices.

FIt is not necessary to void the payment document that paid the prepayment to cancel an applied prepayment. You simply need to unapply the prepayment and cancel it.

Show Suggested Answer

Suggested Answer: A, D, E

by Freeman at Mar 20, 2024, 09:43 PM

Limited Time Offer

25%

Off

Get Premium 1Z0-517 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Kanisha

5 months ago

I feel confident that B, C, and E are the three true statements about prepayments.

upvoted 0 times

...

Vanna

5 months ago

I think I need to review this topic more to understand the correct statements.

upvoted 0 times

...

Lynda

5 months ago

I've heard that E, F, and D are the right answers based on the explanation.

upvoted 0 times

...

Nobuko

6 months ago

I'm not sure, but I think C, D, and F are the ones that make sense.

upvoted 0 times

...

Tamekia

6 months ago

I disagree, I believe B, E, and F are the correct statements.

upvoted 0 times

...

Ona

6 months ago

I think A, B, and D are true about prepayments.

upvoted 0 times

...

Hildegarde

6 months ago

Thank you for the explanations. I agree with Bob's reasoning. I will go with options C, D, and F as well.

upvoted 0 times

...

Yuette

6 months ago

I think options C, D, and F are true because you can only partially apply a prepayment if it is partially paid, and you can cancel applied prepayments without voiding the payment document.

upvoted 0 times

...

Valentin

6 months ago

I chose options B, D, and E because I know you cannot change a permanent prepayment to temporary and temporary prepayments can be applied to invoices.

upvoted 0 times

...