You created a bills receivable that is factored with recourse and applied a wrong receipt to the short- term debt before the bill maturity date plus the risk elimination days.
Which actions are true? (Choose two.)
Correct Answer: C,D
For bills receivable factored with recourse, receipts are applied to short term debt before the bill maturity date plus risk elimination days. For receipts applied to short term debt, use the Recall action to recall the bill receivable and reverse these receipt applications.
Recent Comments (The most recent comments are at the top.)
Correct answer is D,E.
Reference:
https://docs.oracle.com/en/cloud/saas/financials/21a/faofc/manage-bills-receivable.html#FAOFC1343992