There are several setup steps for receipts in Oracle Receivables; some are required whereas others are optional. Which two setup steps are optional? (Choose two.)

Question

Options

• ADefine receipt classes.
• BDefine receipt methods.
• CDefine receipt sources.
• DDefine AutoCash rule sets.
• EDefine application rule sets.

• A
  7% (4)
• B
  2% (1)
• C
  5% (3)
• D
  86% (50)

Explanation

AutoCash Rule Sets (D) and Application Rule Sets (E) are optional because both have system-provided defaults and are only needed when you want to customize specific behaviors. AutoCash Rule Sets are only required if you use Oracle's AutoCash feature to automatically apply incoming receipts to open transactions - if you apply cash manually, you never need them. Application Rule Sets govern how partial payments are distributed across charges (freight, tax, line items), but Oracle provides a default rule set out of the box, so defining a custom one is discretionary.

Options A, B, and C are required. Receipt Classes must be defined first because they establish the creation method (manual or automatic), remittance method, and clearance method - without them, no receipt processing can occur. Receipt Methods are tightly coupled to receipt classes and link receipts to bank accounts, making them mandatory. Receipt Sources (batch sources) control receipt numbering and are required before you can enter or batch receipts.

Memory tip: Think "D and E are defaults" - both AutoCash rule sets and Application rule sets have fallback defaults Oracle provides, so you only define them when you need custom behavior. If Oracle gives you a default, the setup step is optional.

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