Oracle Exam 1Z0-517 Topic 7 Question 61 Discussion

Actual exam question for Oracle's 1Z0-517 exam

Question #: 61
Topic #: 7

You just received an invoice for a new supplier. You need to pay it and ensure that all accounting entries are created in General Ledger.

You perform these steps, in the older shown:

1. Enter the supplier.

2. Enter the invoice.

3. Create the pay run.

4. Create payment accounting entries.

5. Validate the invoice.

6. Create invoice accounting entries.

7. Transfer the information to General Ledger.

What would be the result?

AThe invoice is not paid and no entries are created in General Ledger.

BThe invoice is paid and all accounting entries are created in General Ledger.

CThe invoice is not paid but invoice accounting entry is created in General Ledger.

DThe invoice is paid and but invoice accounting entry is in General Ledger.

Show Suggested Answer

Suggested Answer: A, B, C

by Aleisha at May 28, 2024, 11:39 PM

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Natalya

1 months ago

I don't know about you, but I'm feeling like a financial magician with option B. Paid invoice and accounting entries in the General Ledger? It's like a magic trick, but without the rabbit and the top hat.

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Reed

18 days ago

Rikki: It's like we're financial wizards, making everything disappear into the ledger.

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Rikki

22 days ago

User 2: Agreed, it does feel like magic when everything lines up perfectly like that.

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Marion

22 days ago

User 1: I think option B is the way to go. Paid invoice and all entries in the General Ledger.

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Ernest

1 months ago

Woah, wait a minute! The invoice is paid, but the accounting entry is not in the General Ledger? That's like trying to drive a car without any gas. Option B is the way to go, hands down.

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Salome

12 days ago

User 2: Yeah, if the invoice is paid, all accounting entries should be in the General Ledger.

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Gilbert

21 days ago

User 1: I think option B is the correct one.

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Sherly

1 months ago

Hold up, hold up! If the invoice isn't paid, how are we supposed to have any accounting entries in the General Ledger? That's like trying to cook a meal without any ingredients. Nah, I'm going with B, my dude.

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Amie

2 months ago

I'm not sure, I think it might be C) The invoice is not paid but invoice accounting entry is created in General Ledger.

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Kent

2 months ago

Hmm, I'm thinking option B is the way to go. I mean, who doesn't love a fully paid invoice and a General Ledger that's as tidy as a freshly made bed?

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Gussie

18 days ago

User 2: Definitely, it's important to have all accounting entries in General Ledger.

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Ilene

23 days ago

User 1: I agree, option B sounds like the best outcome.

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Tyisha

2 months ago

I agree with Leatha, that seems like the correct outcome.

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Ruby

2 months ago

Well, that's a no-brainer! The invoice is paid and all the accounting entries are created in the General Ledger. It's like a well-oiled machine, you know?

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