Oracle Applications 1Z0-506 Practice Tests

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You want the flexibility to void a debit memo or credit memo if there is no activity on the transaction. What setup is needed on the Void transaction type definition to achieve this objective?
A. Set the Open Receivables option to Yes and the Post to GL option to Yes.
B. Set the Open Receivables option to No and the Post to GL option to Yes.
C. Set the Open Receivables option to Yes and Post to GL Option to No.
D. Set the Open Receivables option to No and the Post to GL option to No.
Answer: D
What is the action you perform on a transaction once you drill down to the edit transaction window from the Billing Work Area page?
A. Incomplete Transaction
B. Complete and Review
C. Reverse the Transaction
D. Create a New Transaction
Answer: C

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