Oracle
1Z0-517 · Question #217
1Z0-517 Question #217: Real Exam Question with Answer & Explanation
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Question
At the ABC.com site, Cash Management is installed along with Oracle Payables. The payables option for payment accounting is set to account for a payment both on issue and clearing. The cash clearing accounts and cash accounts are different. What accounting happens when a payment is issued?
Options
- ADebit AP Liability, Credit Cash Clearing
- BDebit AP Liability, Credit Cash
- CDebit Cash Clearing, Credit Cash
- DDebit Cash, Credit Cash Clearing
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