1Z0-517 Exam Questions & Answers

You are scheduling multiple payments to pay an invoice amount of $1,000 over multiple dates.

Describe the process for scheduling one payment of $600 and a second payment of $400.

1. Go to the Scheduled Payments tabbed page of the Invoices form.

2. Keep the original invoice amount of $1,000.

3. Let the due date default to the first scheduled payment date.

4. Adjust the gross amount from $1,000 to $600.

5 Click the Split Schedule button.

6. Update the due date on the new line item to the last scheduled payment date.

You just received an invoice for a new supplier. You need to pay it and ensure that all accounting entries are created in General Ledger.

You perform these steps, in the older shown:

1. Enter the supplier.

2. Enter the invoice.

3. Create the pay run.

4. Create payment accounting entries.

5. Validate the invoice.

6. Create invoice accounting entries.

7. Transfer the information to General Ledger.

What would be the result?

Identify three statements that properly describe the use of distribution sets. (Choose three.)

You are in the Tax Lines Summary window and you update the calculated tax amount of one of the taxable distributions. You must also adjust ________.

Company ABC has implemented Oracle Payables. They have decided to define supplier bank accounts. They will use payment batches, quick payments, and manual payment processing.

Select three payment methods that are available based on the company's requirements. (Choose three.)