Oracle Planning 2017 Implementation Essentials — Question 22

After you submitted a Payment Process Request, you noticed errors. You want to void the payments.
Identify two statements that indicate when it is not possible to void a payment.

Answer options

• A. A payment with the status of Issued.
• B. A payment that has already cleared the bank.
• C. A payment for an invoice with an associated Withholding Tax invoice.
• D. A payment that has been accounted and posted to General Ledger.
• E. A payment that pays a prepayment that has been applied to an invoice.

Correct answer: B, E

Explanation

The correct answers are B and E because once a payment has cleared the bank, it cannot be voided as the funds have already been transferred. Additionally, a payment associated with a prepayment already applied to an invoice also cannot be voided, as it is linked to a financial transaction that has been recorded.