1z0-1005 practice questions, page 2 of 3, with answer review and explanations.
Question 6
A company makes the payment in a currency different from the invoice and ledger currency. What setup options are required to make the cross currency rate type the default?
Manage Invoice Options and Manage common options for Payables and Procurement
Manage Payable Options and Manage Invoice Options
Manage Invoice Options and Manage Procurement agents
Manage common options for Payables and Procurement and Manage Procurement agents
Manage Payment Options and Manage common options for Payables and Procurement
Question 7
Which method can you use to route payment approval rules?
Approval Groups
Sequential
Both Parallel and Sequential
Parallel
Serial and FYI (For Your Information)
Question 8
You need to enter a last-minute invoice during the close process. What is the quickest way to enter and post the invoice to general ledger?
Enter the invoice via a spreadsheet. Then, from the Manage Invoices page, query the invoice, validate it, create accounting, and then open general ledger's Manage Journals page and post the associated invoice journal entry.
Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option.
Enter and post a manual journal entry directly into the general ledger.
Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.
Question 9
You have invoices with distributions across primary balancing segments that represent different companies. What feature should you use if you want the system to automatically balance your invoice's liability amount across the same balancing segments on the invoice distributions?
Payable's Automatic Offset
Intercompany Balancing
Subledger Accounting's Account Rules
Suspense Accounts
Payables' Allow Reconciliation Accounting
Question 10
When creating a check payment, from where is the payment document defaulted?