Oracle
1Z0-517 · Question #217
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…
The correct answer is A. Debit AP Liability, Credit Cash Clearing. See the full explanation below for the reasoning.
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
How the community answered
(45 responses)- A78% (35)
- B7% (3)
- C4% (2)
- D11% (5)
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