Free Access Oracle.1Z0-1056-21.v2022-07-01.q50 Practice Test (Page 4)

Question 11

If a customer has more than one transaction with the same number within a Lockbox transmission, then in which two receipt statuses are the receipts left? (Choose two.)

A.Unapplied, if the Customer Account Number or MICR number is provided

B.Applied, if the Customer Account Number or MICR number is provided

C.On-account, if the Customer Account Number or MICR is provided and there are no matching recommendations

D.Unidentified, if the Customer Account Number or MICR is not provided and there are no successful matching recommendations

Question 12

What is the initial status of a newly created bill receivable?

A.Pending remittance

B.Awaiting approval

C.Pending posting

D.New

E.Awaiting submission

Question 13

You created an Auto cash Ruleset where the first rule to be applied to receipts is Match Payments with Invoice. Discount = Earned Only, Late charges = NO, Receipt = $900, Receipt date = 14-Feb-2020, Discount Grace Days = 5.
Which transaction will be applied to the receipt?

A.Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01 Feb 2020, Due Date: 20-Feb-2020

B.Invoice Amount: $1000, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Feb-2020, Due Date: 28-Feb 2020

C.Invoice Amount: $800, Payment terms: 10% 10/Net 30, Invoice Date: 01 Feb 2020, Due Date: 28-Feb-2020

D.Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Feb-2020, Due Date: 24-Feb-2020

Question 14

If a receipt cannot be automatically matched or transaction information is not available, Receivables can use the AutoCash rule set.
In which three places is the rule set found? (Choose three.)

A.System Options

B.Receipt Class

C.Customer Site

D.Receipt Method

E.Customer Account

Question 15

Your client's legacy system uses a hierarchical parent/child relationship to organize customer information because a single customer may have more than one bank account or payment method.
Does this prevent you from using the Oracle Fusion Trading Community Model Data Import program?

A.The program allows table hierarchies for customer bank accounts, but not for other customer information.

B.Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.

C.No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.

D.The program allows the use of parent, child, and grandchild table hierarchies, but it requires multiple Customer Master records for each customer within the hierarchy.

E.The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not Accounts Receivable.

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