Online Access Free 1Z1-1060 Practice Test

Given the journal:

What is the terminology that is used to identify the "Account Number', 'Original Balance' , and 'Origination Date' fields?

• A.User Transaction Identifier
• B.System Identifier
• C.Attribute Identifier
• D.Source System Identifier

Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. The majority of the trucks are owned; however, in some cases, 'New Truck' may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company
'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
How do you set up an account rule that is based on leased and owned trucks?

• A.Set up an account source in the source system file and derive the value.
• B.Set up a mapping set rule.
• C.Set up a value set rule.
• D.Set up a lookup value.

What are all the tabs that are available to be completed in the Register Source System spreadsheet?

• A.Source System and Line Information
• B.Source System
• C.Source System and Transaction Information
• D.Source System, Transaction Information, and Line Information

Which is used to track a specific transaction attribute on subledger journal entries?

• A.lookup value rules
• B.supporting references
• C.value set rules
• D.account rules

What is the key attribute that is used to query journal entries of a registered source system?

• A.Journal Source
• B.Transaction Date
• C.Ledger Name
• D.Accounting Date