Online Access Free 1z0-1055-22 Practice Test

When working with reference data sets in Payables, what reference data sharing method can you use for Payables Payment Terms?

• A.Assignment to multiple sets; no common values allowed
• B.Assignment to one set only; no common values allowed
• C.Assignment to multiple sets with common values allowed
• D.Assignment to one set only with common values

What is the name of the Work Area that is used to access Functional Setup Manager?

• A.Customization Manager
• B.Customize Setup and Maintenance
• C.Setup and Maintenance
• D.Functional Setup Manager
• E.Functional Work Area

Which three reports are generated by the export setup data process? (Choose three.)

• A.Exported Business Object Report
• B.Process Results Detail Listing Report
• C.Setup Data Report
• D.Process Results Summary Report
• E.Process Results Report

An Office supplies company requires an advance payment of $8000 for the office supplies you wish to order. You enter and pay a prepayment type invoice for $8000. You enter the standard invoice to book the expense which totals $10000 and you apply the prepayment to the standard invoice.
What are the accounting entries for that standard invoice with the prepayment application?

• A.Invoice accounting - Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr AP Liability Account 2000 Cr Prepayment Account 2000.
• B.Invoice Accounting - Dr Prepayment Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr Expense Account 8000 Cr Prepayment Account 8000.
• C.Invoice accounting - Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr AP Liability 8000 Cr Prepayment Account 8000.
• D.Invoice accounting - Dr Prepayment Account 10000 Cr AP Liability Account 10000.The prepayment application has no impact on the Invoice.

When creating a check payment, from where is the payment document defaulted?

• A.Legal Entity
• B.Bank Account
• C.Supplier
• D.Bank
• E.Business Unit