Oracle Financials Cloud: General Ledger 2017 Implementation Essentials — Question 35

You are creating a remittance bank account for the factored with recourse bills receivable remittance receipt method.
Which bank account setup controls receipt application to short-term debt?

Answer options

• A. short-term debt clearing days
• B. risk elimination days
• C. clearing days
• D. collection days
• E. lead days
• F. recall days

Correct answer: A

Explanation

The correct answer, 'short-term debt clearing days', directly controls how receipts are applied to short-term debt. The other options, while related to banking processes, do not specifically govern the application of receipts to short-term debt.