Oracle Financials Cloud: Accounts Payable 2017 Implementation Essentials — Question 36

What is the result of voiding a payment?

Answer options

• A. A stop payment request has been initiated to the bank.
• B. A bills payable payment was created but is not yet matured.
• C. The payment is reconciled to the bank statement.
• D. The payment is no longer valid.

Correct answer: D

Explanation

When a payment is voided, it becomes invalid, meaning it cannot be processed or completed. Options A, B, and C describe scenarios that do not apply to a voided payment, as they either involve initiating actions or confirming payment status, rather than invalidating the payment.