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MCQ On Payment and Bank Reconciliation

Oracle MCQ payments

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220 views5 pages

MCQ On Payment and Bank Reconciliation

Oracle MCQ payments

Uploaded by

mahesh19689
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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MCQ on Payment and Bank Reconciliation

Que1. Which selection criteria can you choose while submitting payment process request ?(choose 4)

a) Sources
b) Payment term
c) Pay Groups
d) Supplier or Party
e) Invoice Type
f) Supplier Type

Que2. While submitting Payment Process Request, which of the following are the mandatory fields
under payment and processing options (select two)

a) Payment Process Profile


b) Disbursement Bank Account
c) Payment Conversion Rate Type
d) Payment Date

Que 3. When you create _____ payment you can select an invoice regardless of payment terms and due
date .

a) Manual
b) Quick
c) Refund
d) Wire Transfer

Que 4. Which report provide detailed information about payments ?

a) Payment Audit by Voucher Number Report


b) Payables Payment Register
c) Payables cash requirement report
d) Payables selected installment report

Que 5.Which page will you use to view and act on the payment process request?

a) Manage payment page


b) Create Payment Page
c) Payments overview page
d) Manage payment file page
Que 6. Which type of invoice is created for a request from oracle expenses or Oracle receivables to
disburse funds to a payee that is not defined as a supplier

a) Credit Memo
b) Quick
c) Refund
d) Payment Request

Que 7. Which field will you use to specify the effective date of the payment while submitting the
payment process request?

a) Date basis
b) Pay from date
c) Payment date
d) Pay through date

Que 8. Which payment type will you choose to record a payment that was processed outside of
payables?

a) Automatic
b) Quick
c) Manual
d) Refund

Que 9. We can specify the time when Accounting for payment should get trigger by navigating to the
task named____

a) Manage payment methods


b) Manage payment systems
c) Manage Payment options
d) Manage payment terms

Que 10. The VOID iCon is only available for payments that have been marked as complete and that do
not have stop payment request placed on it .

a) Correct
b) Incorrect
Que 11. Accounts Payable balances allows you to review information on _____

a) Cash requirements, discounts, payment exceptions , or payment per account number


b) Cash requirements, discounts, payment exceptions or payments per bank account
c) Cash requirements, discounts, payment exceptions or payments per business unit
d) Cash requirements, discounts, payment exceptions or payment per subledger

Que 12. If you want to enter invoices for expenses or asset purchase with more than one primary
balancing segment value you might want to use _____

a) Expense accruals
b) Self billed invoices
c) Automatic offset

Que 13. In oracle , Payment Method can default onto a transaction document based on which of the
following? (select any two)

a) Transaction Type
b) Supplier site
c) Business Unit
d) Ledger

Que 14. What task is used to define a new Pay Group?

a) Manage common options for Payables and Procurement (no)


b) Manage Invoice Options(no)
c) Manage Payment Options(no)
d) Manage Payable Lookups

Que 15. A payment process profile is mandatory step in oracle fusion payment process that defines
which of the following?(select three options)

a) Payment processing files


b) Processing options
c) Accounting information
d) Payment conversion rate type
Que 16. What type of invoices are created through the iSupplier portal?

a) Self service (not sure)


b) Manual
c) Automated
d) Recurring

Que 17. Which options allow the user to automatically create distributions for an invoice?(select three
options)

a) Matching an invoice to purchase order or receipt


b) Distribution sets
c) Payment process profile
d) Allocation of freight and Misc lines

Que18. What rules are used to implement and assign on bank account for enabling Auto-reconciliation
in cash management?
a. Manage Bank Statement Reconciliation Rule Sets
b. Manage Bank Statement Reconciliation Matching Rules
c. Manage Parse Rule sets
d. Manage Bank Statement Transaction Creation Rules

Que19. Which setup is used to map the bank statement fields to fields within oracle?

a. Manage Bank Statement Transaction Codes


b. Manage Bank Statement Reconciliation Matching Rules (a,b)
c. Manage Parse Rule Sets
d. Manage Bank statement Transaction Creation Rules

Que20. What are the “Not-advanced” matching criteria which can be used to match reconcile bank
statement line and system line? (choose 3) (pending)
a. Amount
b. Date
c. Account Code Combination
d. Reconciliation Reference
e. Manage Bank Statement Transaction Code

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