Explanation/Reference:
Explanation:
B: You can run the Close Matured Bills Receivable program to accomplish a number of different tasks in relation to bills receivable remittances.
These tasks are:
Create the receipt on the maturity date for standard remittances.
Create the receipt when the remittance is approved for factored remittances.
Unapply the receipt from short term debt and apply it to the bill receivable at the maturity date plus risk elimination days for remittances factored with recourse.
Update the bill receivable status to Matured Pending Risk Elimination at the maturity date plus risk elimination days, and update the bill status to Closed for eliminating risk on bills receivable factored with recourse.
C: The receipt creation process differs for standard and factored remittances:
Standard remittances: Run the Close Matured Bills Receivable program to create receipts and apply

them to bills receivable, either at the maturity date plus the number of collection days or at the remittance date plus the number of collection days, whichever is later. Receivables updates the status of the bill receivable to Closed when the receipt is applied to the bill receivable.
Factored remittances (the Close Matured Bills Receivable program is not used).

References: https://docs.oracle.com/cloud/latest/financialscs_gs/FAOFC/FAOFC1479830.htm