A company makes the payment in a currency different from the invoice and ledger currency. What setup options are required to make the cross currency rate type the default?

• A. Manage Payable Options and Manage Invoice Options
• B. Manage Invoice Options and Manage Procurement agents
• C. Manage Invoice Options and Manage common options for Payables and Procurement
• D. Manage Payment Options and Manage common options for Payables and Procurement
• E. Manage common options for Payables and Procurement and Manage Procurement agents

Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?

• A. The payment term of the purchase order overrides the invoice payment term.
• B. The payment term of the invoice overrides the purchase order payment term.
• C. The user needs to manually change the payment term on the invoice to match the purchase order payment term.
• D. The purchase order payment term cannot be overridden.
• E. The user needs to specify which payment term to use.

You have successfully processed the expense reports for reimbursement and have transferred the information to Payables. What is the next step before you can pay them?

• A. Validate the invoice in Payables.
• B. Create Accounting for the invoice in Payables.
• C. Transfer the data to General Ledger.
• D. Create a payment process request in Payments.

You entered an invoice of 12,000 and paid it for Office Suppliers. The payment was never received by the supplier, and you decide to return the entire order. What should you do?

• A. Issue a credit memo, which will debit the liability and credit the expense.
• B. Void the payment, which debits cash and credits the liability, and then cancel the invoice, which debits the liability and credits the expense.
• C. Void the payment, which debits cash and credits the liability, and then issue a credit memo, which debits the liability and credits the expense.
• D. Cancel the invoice, which debits the liability and credits the expense.