Online Access Free 1z1-975 Practice Test

Given the journal:

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

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

A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems.
Which two implementations allow similar accounting rules to be shared?

• A.One subledger for the 3 Loan systems and one subledger for Insurance.
• B.One subledger for each source system.
• C.One subledger for Consumer Loan and Auto Loan, andone subledger for Home Loan andInsurance.
• D.One subledger for all 4 source systems.

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

A new source system has been registered into Accounting Hub Cloud. Users are actively using this new subledqer. Subsequently, the business signed up a contract with a new supplier. A new mapping value that maps suppliers with the accounts needs to be added. You make updates on the mappings in the existing mapping set rule by adding more mapping valued.
After saving the update, what is the next required action?

• A.There is no required action. The mapping addition is complete.
• B.Activate the accounting method.
• C.Activate the journal entry rule set.
• D.Download a new transaction data template.

Which two options allow validating input values on mapping sets?

• A.Segment values
• B.Value sets
• C.Chart of accounts segment
• D.Lookup types