Which two statements are true about the Invoice Validation process? (Choose two.)
A. opens the relevant accounting period
B. validates project information
C. updates supplier balances
D. creates tax lines and distributions
E. creates accounting entries in draft
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B and C
Option D id tricky it states creates tax lines and distributions and not creates tax lines and TAX distributions
B & D
B & D
How Invoices Are Validated
Whether you validate an invoice by selecting the Validate invoice action, or by running the Validate Payables Invoice process, the validation process:
Generates invoice distributions based on:
Line information such as default distributions, distribution sets, and overlay distributions
Freight or miscellaneous charge allocations
Calculates tax
Creates tax lines and distributions
Calculates withholding
Creates withholding invoices
Checks for variances between ordered, received, consumed, and invoiced quantities or amounts
Applies or releases holds
Validates project information
Checks conversion rate information
Checks period status
Reserves funds for invoices requiring budgetary control and places holds for insufficient funds and other budgetary control validation errors
B and D