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Oracle

1Z0-516 · Question #244

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 order shown: 1. Enter the…

The correct answer is C. The invoice is not paid but the invoice accounting entry is created in General Ledger. See the full explanation below for the reasoning.

Question

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 order 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?

Options

  • AThe invoice is not paid and no entries are created in General Ledger.
  • BThe invoice is paid and all accounting entries are created in General Ledger.
  • CThe invoice is not paid but the invoice accounting entry is created in General Ledger.
  • DThe invoice is paid but only the invoice accounting entry is created in General Ledger.

How the community answered

(23 responses)
  • A
    9% (2)
  • B
    17% (4)
  • C
    70% (16)
  • D
    4% (1)

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