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Home Oracle 1z0-1055-21

Oracle 1z0-1055-21 Exam Practice Questions (P. 2)

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Question #6
What does the Place of Supply rule value "Bill to Party" imply in an Oracle Payables Invoice?
  1. A
    Location assigned to the Supplier Party Site for the transactions
  2. B
    Location assigned to the Legal Entity for the transactions
  3. C
    Location assigned to the Legal Entity Reporting Unit for the transactions
  4. D
    Location assigned to the Business Unit for the transactions

Correct Answer:
C

Question #7
There are four key reports in Cash Management.
What is the correct match for each report and its description?

Report -
1. Cash to General Ledger Reconciliation Report
2. Bank Statement Report
3. Cash in Transit Report
4. Bank Statement Analysis Report

Description -
E: Lists all transactions for a specific bank account, that have been remitted to the bank but have not been cleared.
F: Displays the bank statements that are used to analyze balances and transaction details.
G: Displays balance and transaction information for specific bank statements.
H: Lists bank statement transactions that are accounted in GL but are not reconciled in Cash Management.
  1. A
    1 = H, 2 = G, 3 = E, 4 = F
  2. B
    1 = E, 2 = G, 3 = H, 4 = F
  3. C
    1 = H, 2 = F, 3 = E, 4 = G
  4. D
    1 = H, 2 = E, 3 = G, 4 = F

Correct Answer:
C

Question #8
You have an invoice with a payment term that has the following settings:
• Day of Month = 15
• Cut off Day = 11
• Months Ahead = 0
• Terms Date on Invoice = January 12th
What will the resulting due date for the invoice installment be?
  1. A
    February 15th
  2. B
    March 15th
  3. C
    January 15th
  4. D
    April 15th

Correct Answer:
A

Question #9
You need to have your invoice line automatically distributed across multiple cost centers. For example, you want your monthly utility bill allocated across multiple cost centers based on a percentage.
Which two are valid methods to achieve this? (Choose two.)
  1. A
    Choose the 'All Lines' option from the Allocate menu in the invoice line area.
  2. B
    Define a distribution set and assign it to the supplier.
  3. C
    Define a distribution set and assign it manually to the invoice.
  4. D
    Define a payment term and assign it to the invoice.

Correct Answer:
CD

Question #10
Your client wants to retrieve values for the account code based on the invoice line description. For example, Invoice Line Description = Laptop then Account Code = 5670.
Which Subledger Accounting option would you use to achieve this?
  1. A
    Mapping Set
  2. B
    Description Rule
  3. C
    Supporting References
  4. D
    Event Class Settings
  5. E
    Transaction References

Correct Answer:
B

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