Oracle Financials Cloud: Accounts Payable 2017 Implementation Essentials — Question 54

An invoice for $1,000 USD and a credit memo for ($1,100) USD are due for payment. What are the two outcomes if you chose the "Apply Credits Up to Zero
Amount" option when submitting a Payment Process Request?

Answer options

• A. Both the invoice and the credit memo are included in the Payment Process Request.
• B. Neither the invoice nor the credit memo is included in the Payment Process Request.
• C. Both the invoice and the credit memo are fully paid.
• D. Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.

Correct answer: A, D

Explanation

Choosing 'Apply Credits Up to Zero Amount' means the invoice will be paid in full while the credit memo, being higher, will leave a remaining balance after applying the credit. Thus, A is correct as both documents are part of the request, while D accurately reflects the payment results. B and C are incorrect because they do not represent the outcomes of applying credits in this scenario.