Select three correct statements regarding corporate card implementation.

A company needs to implement corporate cards with Company Pay or Both Pay Payments
liability.
Select three correct statements regarding corporate card implementation.

A.
Specific expense clearing account can be set up per card program.

B.
Setting up of expense clearing account is required only for Company Pay and Both Pay
payment liability.

C.
One clearing account can be set up for all card programs.

D.
Payables uses the clearing account to record only the debits.

Explanation:
B: Individual Pay. Employee pays the credit card provider for all credit card transactions.
Note: When you implement the corporate credit card functionality for Internet Expenses, one of the
essential decisions you need to make is whether your company or your employees are
responsible for paying the credit card provider. The three payment options which you can
implement in Internet Expenses are:
Individual Pay. Employee pays the credit card provider for all credit card transactions.
Both Pay. The employee pays the credit card provider for personal expenses, and your company
pays the credit card provider for business expenses.
Company Pay. Company pays the credit card provider for all transactions.
Oracle Internet Expenses Implementation and Administration Guide, Company Pay
Credit Card Transactions Accounting