Online Access Free 1Z0-1056 Practice Test

Which two duties are included in the Accounts Receivable Specialist associated role? (Choose two.)

• A.Import Payables Invoices Duty
• B.Receipt Creation Duty
• C.Trading Community Hierarchy Management Duty
• D.Payment Settlement Management Duty

In the customer hierarchy of Customer Corporation, Customer Worldwide is the parent company of Customer USA and Customer Japan. Customer West is a subsidiary of Customer USA.
Which three statements are true if the Customer Corporation hierarchy is assigned to a Pay Below Paying relationship? (Choose three.)

• A.Customer USA can pay for Customer Worldwide, Customer West, and its own transactions.
• B.Customer Japan can pay for Customer West, Customer USA, and its own transactions.
• C.Customer Worldwide can pay for Customer USA, Customer Japan, Customer West, and its own transactions.
• D.Customer USA can pay for Customer West and its own transactions.
• E.Customer Japan can pay its own transactions.

Which three actions are facilitated through the Reconciliation Summary Report? (Choose three.)

• A.drilldown to see details of unaccounted revenue transactions not transferred and posted to the General Ledger
• B.drilldown on the difference amounts to see specific reconciling items and the potential cause of the out-of-balance condition
• C.drilldown to view data and use standard Excel functions such as sum, find, sort, and filtering without actually downloading to Excel
• D.drilldown to see reconciliation details and to make reconciling corrections
• E.drilldown from any of the summarized Receivables and Accounting amounts to see detailed activity

Which two are rules applicable to issue of refunds? (Choose two.)

• A.You can refund receipts that were either remitted or cleared.
• B.You can refund receipts that are factored.
• C.You can issue a credit card refund to a customer who has made a cash payment.
• D.You cannot refund more than either the original receipt amount or the remaining unapplied amount.

To determine the best approach to converting a client's data, you must know which setup is set-enabled and can be shared.
Identify three set-enabled setups in Receivables. (Choose three.)

• A.Revenue Types
• B.Collectors
• C.Receivable Specialists
• D.Standard Memo Lines
• E.Revenue Contingencies