1Z0-1107-2 practice question 3 of 10
Invoice Number TRS11212 for USD 10000 was recorded for the customer Easy Solutions and it became due last week. The customer had made a payment for…
Full set: 47 questionsInvoice Number TRS11212 for USD 10000 was recorded for the customer Easy Solutions and it became due last week. The customer had made a payment for USD 8000 on the due date and requested for an additional 7 days' time to pay the remaining amount. You have decided to close the original invoice and create another debit item for the remaining amount of USD 2000. Which type of transaction would you create to record the debit item for USD 2000? (Choose the best)
Debit Memo is the type of transaction that you would create to record the debit item for USD 2000. A debit memo is a transaction that increases the amount owed by a customer, such as a partial payment, a penalty, or a price adjustment. You can create a debit memo to close the original invoice and generate a new invoice for the remaining amount1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
Keep practicing
Take the free 1Z0-1107-2 practice test
Ten exam-style questions with answers and explanations, plus the exam facts and study guides.
More questions
Other 1Z0-1107-2 practice questions
- Question 1Glenn Systems has decided to create accounting for payments at the time of issuing, as we…
- Question 2Your manager is about to schedule the create accounting job to generate accounting entrie…
- Question 4Glenn Systems wants to deploy automatic controls to spot unusual or inappropriate expense…
- Question 5Your organization wants to implement a process that helps in recording requisitions, buyi…
- Question 6Which three preferred delivery methods can you choose to send statements to your customer…
- Question 7Which three attributes can be used as selection criteria when submitting a payment proces…