1Z0-1056-21Oracle Financials Cloud: Receivables 2021 Implementation Essentials
110 Questions and Answers Experienced specialists selected 110 questions for this exam. All answers are verified to ensure correctness.
Last Updated Apr 27, 2024 Ace your exams with our consistently updated 1Z0-1056-21 exam dumps.
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1Z0-1056-21 Online Practice Questions and Answers
An invoice for $100 USD has revenue deferred due to unmet payment-based contingencies and the
Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 USD has
been issued against this invoice.
Explain how revenue accounting will occur.
A. Earned revenue will be debited for $50 USD.
B. Unearned revenue will be credited for $100 USD.
C. Earned revenue will be credited for $50 USD.
D. Unearned revenue will be debited for $50 USD.
Which statement is true about Balance Forward Billing?
A. Balance Forward Bills must be enabled at each bill-to-site level.
B. Balance Forward Bills can be created for a future date.
C. Transactions included on a Balance Forward Bill can be updated.
D. The Balance Forward Bill of a previous cycle need not be generated as Final to generate the Balance Forward Bill of the current cycle.
Which three receipts can be automatically applied by a system? (Choose three.)
A. receipts that are unapplied
B. receipts created in a spreadsheet and uploaded
C. miscellaneous receipts
D. receipts that are manually created
E. receipts created in a lockbox and uploaded
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