Oracle Financials Cloud: Accounts Payable 2017 Implementation Essentials — Question 51

Which statement is true about selecting a bank account on the Create Payment page?

Answer options

• A. LE on the bank account should be different from the LE on the invoice.
• B. Bank account must match the supplier's bank account.
• C. Users can pick any bank account as long as the bank account is tried to the business unit.
• D. There is no relationship between the business unit, bank, and LE. Users can pick any bank account that is setup in their system.
• E. LE on the bank account should be equal to LE on the invoice.

Correct answer: E

Explanation

The correct answer is E because the legal entity (LE) on the bank account must align with that on the invoice to ensure proper accounting practices. Options A, B, C, and D present incorrect relationships or requirements regarding the bank account selection process.