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Home Oracle 1z0-1056-23

Oracle 1z0-1056-23 Exam Practice Questions (P. 2)

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Question #6
Your organization is looking to adopt a flexible approach to control the creation of claims investigation when the lockbox files contain invalid positive remittance references. This feature helps manage lockbox files that encounter invalid transaction numbers for receipts with customer assignment.
When this option is enabled in the Manage Receivables System Options task, which process must be run in Scheduled Processes to process Lockbox Receipts with invalid transaction referenced?
  1. A
    Process Receipts and Remittances through Lockbox
  2. B
    Process Lockbox Receipts
  3. C
    Process Lockbox Receipts and Remittance References
  4. D
    Process Receipts through Lockbox

Correct Answer:
B

Question #7
Upon approval of a remittance batch of type Factored with Recourse, the Receivables application creates a receipt and establishes risk.
How does Receivables establish risk?
  1. A
    By recording short-term debt
  2. B
    By generating a bills receivables adjustment
  3. C
    By recording an entry to the Remitted Bills Receivable account
  4. D
    By creating an on-account credit memo

Correct Answer:
A

Question #8
Which three receipt types can be reversed in the Cloud? (Choose three.)
  1. A
    Receipts applied to open receipts
  2. B
    Miscellaneous receipts
  3. C
    Credit card chargebacks posted to GL
  4. D
    Receipts that are archived
  5. E
    Invoice-related receipts

Correct Answer:
BCE

Question #9
The final section of each exam is exclusively available to users with Contributor Access. This temporary measure was implemented to cover the expenses of the SecExams infrastructure and moderation staff while also decreasing the load on our infrastructure.
  1. A
    Restricted Option
  2. B
    Restricted Option
  3. C
    Restricted Option
  4. D
    Restricted Option
Question #10
The final section of each exam is exclusively available to users with Contributor Access. This temporary measure was implemented to cover the expenses of the SecExams infrastructure and moderation staff while also decreasing the load on our infrastructure.
  1. A
    Restricted Option
  2. B
    Restricted Option
  3. C
    Restricted Option
  4. D
    Restricted Option
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