Oracle Financials Cloud: Accounts Payable 2017 Implementation Essentials — Question 71

Identify three scenarios where you are not allowed to cancel an invoice.

Answer options

• A. Prepayments were applied to the invoice.
• B. An accounting entry has been created for the invoice.
• C. The invoice is validated.
• D. The invoice is fully or partially paid.
• E. The invoice was adjusted by a credit or a debit memo.

Correct answer: A, D, E

Explanation

You cannot cancel an invoice if prepayments have been applied (A), if it has been paid in full or in part (D), or if it has been modified with a credit or debit memo (E). Options B and C do not prevent cancellation, as creating an accounting entry or validating the invoice does not restrict the ability to cancel it.