During its first month end close, a company has an Invoice with a Hold status dated 15-Jan-2012.
Its accounting practice permits the transfer of unaccounted transactions from one period to
another. What will happen if it runs the Payables Unaccounted transactions Sweep program?
A.
The accounting date of the Invoice will change to the same day of next period.
B.
The accounting date- of the Invoice will change to the first day of next period.
C.
The accounting date of the invoice will change to the same day of the new period specified.
D.
The accounting date of the invoice will change to the first day of the new period specified.
E.
The accounting date of the invoice will NOT change but the user can close the existing period
Explanation:
The Unaccounted Transactions Sweep Program transfers unaccounted transactions
from one accounting period to another. Because you cannot close a Payables period that has
unaccounted transactions in it, if your accounting practices permit it, you might want to use this
program to change the accounting date of the transactions to the next open period. For example,
you have invoices for which you cannot resolve holds before the close, and your accounting
practices allow you to change invoice distribution GL dates. Submit the program to change invoice
distribution GL dates to the first day of the next open period so you can close the current period.
Period- End Processing in Oracle Payables (Release 11i), Submit the Unaccounted
Transactions
D