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NO.1 You need to revaluetheforeign currency transactions in the Accounts payable subledger.
Which two statements describe what the foreign currency revaluation job accomplishes? Each
correct answer presents a complete solution.
A. Open vendor transactions are revalued by using the effective exchange rate for the specified date.
B. Settled vendor transactions are revalued by using the effective exchange rate for the specified
date.
C. The differences between the original posted amounts and the revalued amounts are posted to
vendor accounts as unrealized transactions.
D. The differences between the original posted amounts and the revalued amounts are posted to
vendor accounts as realized transactions.
Answer: B,C

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NO.2 Your company plans to implement vendor invoice matching.
Your company policy states that vendor invoices must be reviewed to compare the prices
and quantities on the invoices for accuracy.
You need to configure the invoice matching setup.
Which type of invoice matching should you configure?
A. Two-way matching
B. Three-way matching
C. Charges matching
D. Invoice totals matching
Answer: D

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