Vendor: Oracle
Exam Code: 1Z0-517
Exam Name: Oracle E-Business Suite R12.1 Payables Essentials
Certification: Oracle Certifications
Total Questions: 410 Q&A
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Updated on: Jun 10, 2026
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Which two statements are true regarding the Payables Options region in the Bank Account Window? (Choose two.)
A. You can Enter the Payables options information for supplier bank accounts
B. The maximum Payment field controls the largest payment amount that you allow in a payment batch
C. The maximum payment filed controls the largest currency outlay that you allow for a payment batch for this bank account
D. The Minimum Payment field controls whether you would allow zero amount payments from this bank account
E. If the bank account is a foreign currency or multiple currency account, realized gain and realized loss accounts would be displayed by default in the Payables options window
At ABC.com's site, under payables options, the transfer to GL option has been set to summarize by accounting period. The period end close processes for accounts parable have run and the payables journals (Purchase invoices and payments) have been created and posted in General Ledger. Which statement is true?
A. Drilling down from the journals of purchase invoices and payments categories in GL to payables is possible
B. Drilling down from the journals of the payment category in GL to payables is possible, but drilling down from journals of the purchase invoices category in GL to payables is not possible
C. Drilling down from the journals of the purchase invoices category in GL is possible but drilling down from journals of the payments category in GL to payables is not possible
D. Drilling down from GL to payables is not possible
Identify three statements that are true about processing automatic withholding tax invoices and payments. (Choose three.)
A. Witholding distributions for a paid invoice can be reversed.
B. If an invoice is paid or partially paid, withholding distribution cannot be reversed.
C. Payables uses the supplier number as an invoice number for the tax authority's invoice.
D. Withholding tax distributions are automatically created during invoice validation or payment processing.
E. Payables automatically creates a withholoding type distribution when a witholding tax group is entered in the Invoices window.
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