[Free] 2018(Jan) EnsurePass Testinsides Oracle 1z0-573 Dumps with VCE and PDF 1-10

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PeopleSoft Payables 9.1 Essentials

Question No: 1

The setup required to pay an unmatched voucher is done at which level?

  1. Payables Option level

  2. Payables Definition Level

  3. Procurement Control level

  4. User Preferences level

  5. Voucher Origin level

Answer: B


http://docs.oracle.com/cd/E39583_01/fscm92pbr0/eng/fscm/fapy/concept_Understandingth eMatchingProcess-9f7080.html

Question No: 2

After the regular voucher was matched, approved, posted, and paid, the AP Manager realized that there was an issue with chartfields during voucher distribution. Which voucher type should the AP Manager use to adjust the chartfields?

  1. Reversal voucher

  2. Adjustment voucher

  3. Journal voucher

  4. Regular voucher

  5. Claim voucher

Answer: D

Question No: 3

Which three statements are truewithregard to the Accounts Payable and General Ledger interface?

  1. APayablebusiness unit can be tagged to multiple General Ledger business units but not vice versa.

  2. General Ledger business units define most of the accounting processing for their associated Payables business units.

  3. Payables journal templates for ACCRUALS and PAYMENTS are tagged at the General Ledger business unit definition level.

  4. The base currency for a Payablesbusiness unit is defined by the General Ledger business unit with which it is associated.

  5. Tagging a VAT-enabled General Ledger business unit to a Payables business unit makes the Payables business unit VAT applicable.

Answer: B,C,D


http://docs.oracle.com/cd/E39583_01/fscm92pbr0/eng/fscm/fapy/concept_UnderstandingP eopleSoftPayablesBusinessUnits-9f7344.html

Question No: 4

The automated “Duplicate Invoice Checking” feature in Payables can be enabled to check against .

  1. Invoice Number

  2. Gross Amount

  3. Invoice Date

  4. Vendor Number

  5. Business Unit

  6. Item Category

  7. Ship To Location

  8. Unit Of Measure

Answer: A

Question No: 5

A company has an agreement with its vendor not to pay the disputed items. In order to debit the liability accounts for the unpaid portion of these vouchers, the company decides to close the vouchers. Before proceeding, the company should ensure that the vouchers are


  1. Posted

  2. Not fully paid

  3. Approved

  4. Fully Matched

  5. Not selected for payments

Answer: C

Question No: 6

Which two voucher types are posted but not paid?

  1. Regular voucher

  2. Prepaid voucher

  3. Claim voucher

  4. Adjustment vouchers

  5. Journal voucher

Answer: A,D

Question No: 7

Which of the following should Withholding reports include?

  1. By voucher, by period, business units, and specified vendor

  2. By voucher, by period, and vendors

  3. By voucher, by period, and business units

  4. By vendors only

Answer: C

Question No: 8

What are three different ways to deactivate a vendor?

  1. On the Identifying Information page in the Vendor Information component, set the vendor status to Inactive.

  2. When you add a vendor, set the vendor’s persistence to One-time.

  3. Change the effective date for the vendor.

  4. Change the vendor pay cycle dates.

  5. Run the Inactivate Vendors process.

Answer: A,B,D

Question No: 9

Identify the two voucher types to which a Prepaid voucher can be applied.

  1. Regular voucher

  2. Adjustment voucher

  3. Journal voucher

  4. Template voucher

  5. Claims voucher

Answer: B,D

Question No: 10

Consider a completely unpaid regular voucher that is posted, the accounting entries of which are posted to general ledger. These journals are in valid status but not yet posted to ledger. The AP user decided to close the voucher, navigated to the voucher close page, and marked this voucher for closure. What would be the next appropriate action to close the voucher completely and to maintain the account balances in sync?

  1. Create reversal journal entries in general ledger in order to balance the original journal entries created

  2. Run voucher posting and then the journal generator to push the closure entries to general ledger

  3. Run journal generation directly. Marking the voucher for closure will generate closure entries automatically.

  4. No further action is necessary. Marking the voucher for closure will automatically generate reversal entries at both the voucher accounting level and the journal level.

Answer: D

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