An installment for $2,000 is due for payment on July 31, 2012. The Installment has two discounts:
the first discount date is June 15, 2012, for $150 and the second discount date is June 30, 2012
for $100.
You submit a payment process request:
Payment Date = June 20, 2012
Pay Through Date = July 30, 2011
Date Basis = Due date
What will be the resulting status of the installment and discount?
A.
The installment is selected and a discount of $150 is availed.
B.
The installment is, selected and a discount of $100 is availed.
C.
The installment is NOT selected because the due date is later than the Pay Through Date.
D.
The installment is selected and no discount is availed.
E.
The installment is NOT selected because the discount dates are before the Pay Through Date.
Explanation:
Similar example:
An installment for 3,000 USD is due for payment on March 31, 2011. The installment has two
discounts. The first discount date is February 15, 2011, for 150 USD. The second discount date is
February 28, 2011, for 100 USD.
You submit a payment process request with the following data:
Payment Date = February 8, 2011
Pay Through Date = March 30, 2011
Date Basis = Due date
The installment is not selected for payment because the installment due date of March 31, 2011, is
later than the Pay Through Date of March 30, 2011. The Pay Through Date determines the
installment selection
Fusion Applications help, Date Basis in Payment Process Requests: Example
Hi,
Answer is C