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

1. To enter manual tax lines on invoices, enable manual tax options in E-Business Tax. You can set
these options at the Event Class, Configuration Owner, or Tax level.
Under the manual tax options (Event Class, Configuration Owner, or Tax level), which common
capability is found?

A) Allow Manual Tax Only Lines
B) Allow Recalculation for Manual Tax Lines
C) Allow Withholding Tax
D) Allow Entry of Manual Tax Lines
E) Allow Tax Recovery
F) Allow Override for Calculated Tax Lines


2. Identify three statements that are true for supplier's bank details. (Choose three.)

A) Bank details are required only for manual check payments.
B) Updating bank accounts for a supplier will not affect bank accounts for existing supplier sites.
C) Payablesuses bank account information to generate an electronic payment for a supplier.
D) Bank accounts can be added at any time for a supplier or supplier site.
E) Suppliers maintain their bank details.


3. Identify three statements that are true for creating the withholding tax for standard, recurring, and prepayment invoices. (Choose three.)

A) There can be multiple withholding tax codes with multiple tax authorities assigned to a group.
B) The Withholding Tax Invoice Description field does NOT include the invoice that the withholding tax invoice is associated with.
C) The Withholding Tax Group defaults in from the supplier or supplier site.
D) You can set up a special calendar to define periods that Payables uses for automatic withholding tax.
E) The Withholding Tax Report is prepared by suppliers.


4. To transmit an electronic payment instruction manually, perform these four steps.
1.In the Payments Manager, select the Payment Instruction tab.
2.In the Status field of the Search region, select Formatted - Ready for Transmission and click the Go button.
3.For the applicable payment instruction, click the Take Action icon. The Transmit Payment Instruction: <number> page is displayed.
4.From the Actions drop-down list, select Transmit and click the Go button. Arrange the steps in the proper sequence they would be performed.

A) 2, 3, 4, 1
B) 1, 3, 2, 4
C) 1, 2, 3, 4
D) 1, 3, 4, 2


5. Select the income tax report that is NOT available in the Payables module.

A) Withholding Tax by Payment
B) Withholding Tax by Supplier Site
C) Withholding Tax by Invoice
D) Withholding Tax by Supplier


Solutions:

Question # 1
Answer: F
Question # 2
Answer: B,C,D
Question # 3
Answer: A,C,D
Question # 4
Answer: C
Question # 5
Answer: B

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