Online Access Free 1z0-335 Practice Test

Select the valid setup that creates the revenue account distribution in the case of a debit memo reversal.

• A.Auto Accounting Rule for revenue line type
• B.Revenue account of the original transaction to which the receipt is applied
• C.Revenue Account Specified in Debit Memo transaction type
• D.Cash account on the receipt

Collections Dashboard is an Interactive Work Status tool that helps to prioritize and find items that need attention.
Which is a valid Work Status as defined in the Collections Dashboard?

• A.Under Process
• B.Open
• C.New
• D.Closed

Select three features that the Shared Service model provides to satisfy business needs.

• A.Different business units can take orders; however, orders can be managed by a shared service desk having multiple business unit access.
• B.Supports access of asset Information across multiple asset books
• C.Ability to view consolidated requisitions across business units
• D.Ability to submit and view data across different ledgers
• E.Secures user access to business units data

A Collections Agent wants to verify that the delinquency status are accurately assigned and all the dependent processes have occurred. Which three options are true in this scenario?

• A.Go to the Collector's Work Queue and see whether the delinquent accounts are listed under the Delinquent Accounts node.
• B.Navigate to the Transactions tab to verify that the open work items are listed.
• C.If strategies are used, go to the Collector's Work Queue and verify that the strategy work items are listed.
• D.Navigate to the Collections tab to find all delinquencies In the Collection Header.
• E.Select the Collections window to see the dunning events that have occurred.

In a scenario receipts are factored receipt class that requires confirmation, remittance, and clearance. Select the valid accounting entry that would be generated when receipts are cleared.

• A.The Cash and Bank charges accounts are debited and the Short term debt account is credited
• B.The Short term debt account is debited and the Factoring account is credited.
• C.The Cash and Bank charges accounts are debited and the Factoring account is credited
• D.The Factoring account is debited and the Short term debt account is credited.