Online Access Free 1Z0-1056-21 Practice Test

Which two statements are true regarding the Promise to Pay feature in the Collections application?

• A.Mass promise to pay amounts automatically become partial payments.
• B.Promise information is updated by scheduling the Promise Reconciliation process.
• C.You can cancel a promise made in error if it is before the promise due date.
• D.You cannot cancel a promise made in error if it is before the promise due date.

When defining the receipt method for automatic receipt processing, the business requirement is to produce the minimum number of payments.
Which receipt rule should you define?

• A.One per Customer
• B.One per invoice
• C.One per Customer per due date
• D.One per site per due date

Your customer has three business units. The customer wants to share customer account addresses across these business units.
Which reference data set can be used to achieve this?

• A.Assign a COMMON reference data set to the business units, which share the account addresses.
• B.Create a separate reference data set for each business unit and assign it to each unit.
• C.Create a new reference data set for account addresses and assign it to the business units.
• D.Assign an enterprise reference data set to the business units, which share the account addresses.

The Multifund Accounting feature supports detailed distributions for invoices with revenue recognition rules. For a customer invoice with the distributions below:

Which unearned revenue accounting entries will the feature generate?

• A.Credits of $900 and $600 for companies 01 and 02 respectively
• B.Debit of $900 and credit of $500 for companies 01 and 02 respectively
• C.Debits of $900 and $500 for companies 01 and 02 respectively
• D.Credits of $900 and $500 for companies 01 and 02 respectively
• E.Credit of $900 and debit of $500 for companies 01 and 02 respectively

Which method is used to allocate total transaction price across performance obligations in Revenue Management?

• A.Alternative Allocation Method
• B.Inverted Allocation Method
• C.Residual Allocation Method
• D.Relative Allocation Method
• E.Two Step Allocation Method