Exam 1z0-962 topic 1 question 17 discussion

B. Agree with faltukaam - Implementing Receivables: https://docs.oracle.com/en/cloud/saas/financials/20b/fairp/define-bills-receivable.html#FAIRP1347218 Create a remittance bank account to use with bills receivable remittance receipt methods. The remittance bank account determines how bills receivable are grouped and remitted, and provides accounting information for both bills receivable transactions and receipts. These settings on the Create and Edit Remittance Bank Account pages apply to bills receivable remittance bank accounts (example of the relevant settings): -Risk Elimination Days field: If this receipt method is for bills receivable factored with recourse, enter the number of days after the maturity date to clear the short-term debt. -Short Term Debt field: Enter the short-term debt account to use for factored bills receivable with this receipt method. Note: The Factoring field is not used for bills receivable. Bills receivable receipts are not factored, but rather created as remitted.

Correct Answer: B References: https://docs.oracle.com/en/cloud/saas/financials/20a/faofc/manage-bills-receivable.html#FAOFC1342710