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Oracle 1z0-1055-22 Exam With Confidence Using Practice Dumps

Exam Code:
1z0-1055-22
Exam Name:
Oracle Financials Cloud: Payables 2022 Implementation Professional
Vendor:
Questions:
139
Last Updated:
Apr 30, 2025
Exam Status:
Stable
Oracle 1z0-1055-22

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Oracle Financials Cloud: Payables 2022 Implementation Professional Questions and Answers

Question 1

You have an invoice for $200 USD and a credit memo for $225 USD. In other words, the credit amount exceeds the invoice amount. If you enable the option to apply credits up to zero amount payment, then how will the invoice and credit memo be paid?

Options:

A.

Neither the invoice nor the credit memo are included in the payment process request because the credit reduces the payment amount below zero.

B.

Both the invoice and the credit memo are paid and a refund of $25 USD is created.

C.

Both the invoice and credit memo are included in the payment process request for a payment amount of $0 USD. The credit memo is partially paid with a remaining credit of $25 USD.

D.

Both the invoice and the credit memo are selected and the Payment Process Request requires attention.

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Question 2

A Payables user creates a manual invoice and a Withholding Tax Classification Code defaults on the invoice line when the invoice is saved.

Where does this Withholding Tax Classification Code default from?

Options:

A.

From the Party Tax Profile of the Third Party Site

B.

From the Manage Tax Reporting and Withholding Tax Options

C.

From the Income Tax region of theSupplier

D.

From the Site Assignments of the Supplier Site

Question 3

An invoice for $1,000 USD and a credit memo for ($1,100) USD are due for payment. What are the two outcomes if you chose the “Apply Credits Up to Zero Amount” option when submitting a Payment Process Request? (Choose two.)

Options:

A.

Both the invoice and the credit memo are included in the Payment Process Request.

B.

Neither the invoice nor the credit memo is included in the PaymentProcess Request.

C.

Both the invoice and the credit memo are fully paid.

D.

Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.