Online Access Free 1z1-962 Practice Test

Which three transaction types are used to generate late charges? (Choose three.)

• A.Interest Invoice
• B.Adjustments against the original transaction
• C.Credit Memo
• D.Cash Receipts
• E.Debit Memo

The process of remitting receipts to a bank results in fund transfer errors.
Identify three corrective actions to resolve this. (Choose three.)

• A.change of instrument
• B.receipt reversal
• C.credit reversal
• D.clearing payment information
• E.debit memo reversal

A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval limit.
What is the status of the adjustment?

• A.Forwarded for Approval
• B.Pending Research
• C.Pending Approval
• D.Approval Required

When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ______________.

• A.leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run
• B.removes the pending sales credits
• C.removes the invoice line revenue contingencies
• D.leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run

Which three receipts can be automatically applied by a system? (Choose three.)

• A.miscellaneous receipts
• B.receipts created in a lockbox and uploaded
• C.receipts created in a spreadsheet and uploaded
• D.receipts that are manually created
• E.receipts that are unapplied