Exam 1z0-961 topic 1 question 21 discussion

Answer: BDE If you enable the Allow Interest Invoices option for a supplier site, Payables automatically reverses all related interest invoices when you void a past-due payment for the supplier site. When you void a payment, Payables automatically reverses the accounting and payment records so your general ledger will have the correct information. Payables also reverses any realized gains or losses on foreign currency invoices recorded as paid by the payment Note: Only WHT Invoices generated by Payment Withholding will get reversed.

BCE What happens if I void a payment? The accounting and payment records for the invoices that were paid are automatically reversed. If applicable, the following transactions also occur: Any realized gains or losses on foreign currency invoices recorded as paid by the payment are reversed. If you select the Create interest invoices check box on the Manage Invoice Options page, all related interest invoices are reversed. If you withhold taxes at payment time, and you void a payment that paid an invoice with an associated withholding tax invoice, then a reversing invoice for the tax authority supplier is automatically created to offset the amount of the withholding tax invoice. ONLY WITHHOLDING INVOICES CREATED AT PAYMENT TIME ARE REVERSED, THEREFORE STATEMENT THAT ALL WITHHOLDING INVOICES ARE REVERSED IS INCORRECT In addition, when you void a payment, you can select the action you want to take on the invoices that were paid. You can cancel the invoices, place a hold on the invoices, or leave the invoices available for payment. References:

Correct answer is BCE https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/adjpmt05.htm