Oracle Financials Cloud: General Ledger 2017 Implementation Essentials — Question 3

Which three transaction types are used to generate late charges? (Choose three.)

Answer options

• A. Cash Receipts
• B. Adjustments against the original transaction
• C. Credit Memo
• D. Debit Memo
• E. Interest Invoice

Correct answer: B, C, E

Explanation

The correct answers are B, C, and E because adjustments against the original transaction, credit memos, and interest invoices are all methods used to calculate and apply late charges. Cash Receipts and Debit Memos do not directly contribute to generating late fees.