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Question ID 21905

Select three statements that are true regarding the clearing account. (Choose three.)

Option A

An asset clearing account can also be used as a project clearing account.

Option B

You can have a maximum of one asset clearing account per asset category.

Option C

For each payables document you create, you can have a separate cash clearing account.

Option D

You can use Cash in Transit report in cash management only if cash clearing account and cash
account are separate.

Option E

You use a separate cash clearing account and cash account to have visibility of the Cash in Transit on
the balance sheet.

Correct Answer B,C,E
Explanation


Question ID 21906

Your client has the following requirements for electronic delivery of purchasing documents to indirect spend
vendors:

1.No third-party software should be needed; the built-in Oracle functionality should be used.

2.No special supplier set up should be required; the supplier should need minimal resources to participate.

3. No requirement for audit trail or confirmation.
The best method within standard functionality is _____.

Option A

EDI

Option B

XML

Option C

Email

Option D

Facsimile

Option E

Direct interface

Correct Answer C
Explanation

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