Exam 1z0-962 topic 1 question 2 discussion

Correct Ans C It talks about Jan 31st transaction only Issue Date The issue date is the date that the bill receivable is created. You must enter an issue date with these parameters: On or after the system date. Valid for the date of the bills receivable creation receipt method assigned to transactions. Valid for the bills receivable transaction type. Maturity Date The maturity date is the date when full payment is due on the bill receivable. The maturity date can't be earlier than the issue date. If you don't enter a date in this parameter, Receivables derives the maturity date from the bills receivable creation receipt method.

I believe it would be C. Rationale: Issue date would be the system date as it is a bills receivable so 31st January. It says processed for a customer and receipt method has one bills receivable per customer so one one would be generated. Finally lead of 60 days so this would mature 30th March. Hence: C. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 30, 2015.

Do not know. E. maybe. Issue Date The issue date is the date that the bill receivable is created. You must enter an issue date that is: On or after the system date. Valid for the date of the bills receivable creation receipt method assigned to transactions. Valid for the bills receivable transaction type. Maturity Date The maturity date is the date when full payment is due on the bill receivable. The maturity date can't be earlier than the issue date. If you don't enter a date in this parameter, Receivables derives the maturity date from the bills receivable creation receipt method. Accounting Date Enter an accounting date that belongs to an open or future period. Bills receivable that don't require customer acceptance can inherit the accounting date of the batch. For bills receivable that require customer acceptance, the accounting date is derived from the acceptance accounting date that you enter when the customer accepts the bill.

Hi Can you please confirm what is the correct answer,,,there are many different answers on the interent and can you please explain the logic

E Oracle Receivables treats a bill receivable as a separate transaction. Issue Date is the date that the bill was first issued. Maturity Date is the date when full payment is due on the bill.