Select three reasons that a prepayment will NOT be available for applying to invoices.
A.
The prepayment validation status is Available.
B.
The prepayment is of the Permanent type.
C.
The prepayment validation status is Needs Revalidation.
D.
The prepayment validation status is Unpaid.
E.
The prepayment is of the Temporary type.
Explanation:
A prepayment is a type of invoice you enter to pay an advance payment for to a
supplier or employee.
B( not E): You can enter either a Temporary or a Permanent type prepayment. Temporary
prepayments can be applied to invoices or expense reports you receive.
C, D (not A): If you want to apply a prepayment to one or more invoices or expense reports, you
must first approve and pay the prepayment. You control when a prepayment is available by the
Settlement Date you enter and by optionally applying a hold to the prepayment.
When you enter an invoice for a supplier for whom you have outstanding Temporary prepayments,
Payables notifies you that you have prepayments available that you can optionally apply. You can
also review the Prepayment Status Report to check the status of all prepayments in your system
Reference. Prepayments