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Oracle EBS R12: General Ledger and Receivables Fundamentals Sample Questions:

1. All receipts that fail validation during AutoLockbox processing remain in the _____ table.

A) AR_PAYMENT_SCHEDULE
B) AR_INTERIM_CASH_RCPT_LINES_ALL
C) AR_PAYMENTS_INTERFACE_ALL
D) AR_INTERIM_CASH_RECEIPTS_ALL

2. Select three criteria that are required to assign multiple legal entities to the same accounting setup. (Choose three.)

A) Have tax requirements that are specific for a legal entity
B) Require autonomous document sequencing for a legal entity
C) Have similar ledger processing options
D) Operate in a country that allows multiple legal entities to share the same primary ledger and ledger attributes
E) Open and close periods simultaneously

3. Your client has requested that you set up gapless numbering for its invoices. In your testing, you realized that the numbers for deleted invoices were missing from the sequence. How would you prevent that problem?

A) Select Show Deleted Invoice Numbers in your system options.
B) Create a custom report listing deleted invoice numbers.
C) Reuse deleted invoice numbers.
D) Do not allow deletion of invoices.

4. Your customer ABC Inc., has headquarters in San Diego, CaliforniA. The billing function is performed in St. Louis, Missouri. It has a plant in Baltimore, Maryland, a warehouse in Richmond, Virginia, and an assembly line in Nashville, Tennesse. John Thomas, plant supervisor at Baltimore, orders equipment from you to be shipped to the assembly line in Nashville. Later, the assembly line in Nashville will send the equipment to the warehouse in Richmond. Identify the state sales tax to apply to this invoice.

A) Missouri
B) California
C) Virginia
D) Tennessee
E) Maryland

5. Sam, the CFO of XYZ Company, wants to prepare the annual capital expenditure budget for the current year with reference to the capital expenditure budget of the previous year. The capital expenditure budget is subdivided into multiple items, and the corporate calendar used at XYZ Company has thirteen periods. Which budget rule must Sam use to minimize the effort.

A) Prior year actual monetary and current year budget statistical
B) Prior year budget monetary and prior year budget statistical
C) Current year budget monetary and current year budget statistical
D) Prior year budget monetary and current year budget statistical
E) Current year actual monetary and current year actual statistical

Solutions: