Free 1Z0-517 Exam Questions - Oracle 1Z0-517 Exam

At your client site, the Payables period-close processes have been performed. The Payables transfer to GL has been completed, and the resulting journal entries have been posted to GL. The current Payables period has been closed.

The Accounts Payable Trial Balance (last day of prior period) + Posted Payments equals the Account Payable Trial Balance (last day of the current period).

However, the balance in the AP liability account in GL for the current period does not equal the Accounts Payable Trial Balance (last day of the current period). What is the possible reason?

Company XYZ has received an invoice that includes freight charges. They want to distribute the freight charges proportionately to the same accounts that were charged for the items.

Identify the steps they need to follow to create the freight distributions.

Company ABC has implemented Oracle Payables. They have decided to define supplier bank accounts. They will use payment batches, quick payments, and manual payment processing.

Select three payment methods that are available based on the company's requirements. (Choose three.)

Identify four functions of the Invoice Validation process. (Choose four.)

Identify three statements that are true for creating withholding tax for standard, recurring, and prepayment invoices. (Choose three.)