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- Question 31
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Question 31/80
Your customer may end up not paying a bills receivable after a risk has been eliminated on a closed bills receivable that was factored with recourse.
Which two events occur When you re-establish the risk? (Choose two.)
Which two events occur When you re-establish the risk? (Choose two.)
Correct Answer: D,E
Explanation/Reference:
Explanation:
If a customer is at risk of not paying the bill receivable after risk has been eliminated, you can use the Reestablish Risk action to reestablish risk on the bill. When you reestablish risk on a Closed bill receivable that was factored with recourse, Receivables unapplies the receipt that was created when the bill was factored and applies the receipt to short term debt. The status of the bill is updated to Matured Pending Risk Elimination.
References: https://docs.oracle.com/cloud/latest/financialscs_gs/FAOFC/FAOFC1479830.htm
Explanation:
If a customer is at risk of not paying the bill receivable after risk has been eliminated, you can use the Reestablish Risk action to reestablish risk on the bill. When you reestablish risk on a Closed bill receivable that was factored with recourse, Receivables unapplies the receipt that was created when the bill was factored and applies the receipt to short term debt. The status of the bill is updated to Matured Pending Risk Elimination.
References: https://docs.oracle.com/cloud/latest/financialscs_gs/FAOFC/FAOFC1479830.htm
- Question List (80q)
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- 1 commentQuestion 30: Identify two values that default from Customer Profile Class...
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