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Exam 1z0-962 topic 1 question 19 discussion

Actual exam question from Oracle's 1z0-962
Question #: 19
Topic #: 1
[All 1z0-962 Questions]

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

  • A. Cash Receipts
  • B. Adjustments against the original transaction
  • C. Credit Memo
  • D. Debit Memo
  • E. Interest Invoice
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Suggested Answer: BCE 🗳️
Reference -
https://docs.oracle.com/cloud/latest/financialscs_gs/FAIRP/FAIRP1476421.htm

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Pasha
Highly Voted 5 years, 6 months ago
BD and E are the correct answers
upvoted 6 times
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YM143
Most Recent 2 years, 3 months ago
B ,D & E
upvoted 1 times
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faltukaam
4 years, 11 months ago
Answer: B, D, E References: https://docs.oracle.com/en/cloud/saas/financials/20a/fairp/define-customer-billing-configuration.html#FAIRP275098 If you are using late charges, create a transaction type with a class of Debit Memo to present late charges as debit memos, and a transaction type with a class of Invoice to present late charges as interest invoices. Specify the receivable and revenue accounts for these transaction types. Receivables uses these accounts instead of AutoAccounting when generating late charges.
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