Oracle Financials Cloud: General Ledger 2017 Implementation Essentials — Question 63
Which statement is true about Balance Forward Billing?
Answer options
- A. Balance Forward Bills must be enabled at each bill-to-site level.
- B. Balance Forward Bills can be created for a future date.
- C. Transactions included on a Balance Forward Bill can be updated.
- D. The Balance Forward Bill of a previous cycle need not be generated as Final to generate the Balance Forward Bill of the current cycle.
Correct answer: A
Explanation
The correct answer is A because Balance Forward Bills indeed require activation at each bill-to-site level for proper functionality. Option B is incorrect because these bills cannot be created for a date in the future; they reflect past transactions. Option C is wrong since transactions on a Balance Forward Bill are typically not modifiable once issued. Lastly, option D is false as the previous cycle's bill must be finalized to proceed with the current cycle's billing.