Practice 1D0-1056-23-D Exam Online

Question 1

Which three receipts can be automatically applied by the 'Apply Receipts Using AutoMatch' process?

A : Receipts that are manually created.

B : Miscellaneous receipts.

C : Receipts created from a lockbox and uploaded.

D : Receipts created in a spreadsheet and uploaded.

E : Receipts with unapplied amounts.

Answer: A,C,D

Question 2

You are configuring tax for Receivables to cash transactions.

Which two additional Party types can be selected only in the Tax engine for Receivables Transactions to identify the place of supply? (Choose two.)

A : Ship-to party

B : Ship-from party

C : Point of origin party

D : Point of acceptance party

E : Bill-to party

Answer: B,C

Question 3

Three salespersons are assigned to a transaction line with a revenue split of 40:50:10. If you transfer 5% to a new sales person, what is the new revenue split between the four sales persons?

A : 38.34 : 48.34 : 8.32 : 5

B : 35: 45 : 5: 5

C : 38: 47.5: 9.5: 5

D : 40: 50: 5: 5

Answer: D

Question 4

Which is NOT a valid Infotile in the Accounts Receivables Work Area?

A : Unidentified Receipts

B : Lockbox Exceptions

C : Receipt Batches

D : Unapplied Receipts

E : Unapplied Credits

Answer: A

Question 5

You have created a sales invoice for $900 USD with an item line of $750 USD and a tax rate of 20%. The customer has made a payment of $500 USD and you are required to process the cash application to apply the $500 USD to the item line and $0 USD to tax.

How would you achieve this?

A : Set the credit classification revenue recognition policy to look for Line First and Tax Later.

B : Create a Memo Line or receivable activity to have the check box selected for Apply Item Line First.

C : Set Application Rule Set to Line First--Tax After at the transaction type level and/or a default value at system options.

D : Set Application Rule Set to Line First--Tax After at the transaction source level and/or a default value at the receipt method.

E : Set the payment terms revenue recognition policy to look for Line First and Tax Later

Answer: C

Name:	Oracle Financials Cloud: Receivables 2023 Implementation Professional - Delta
Exam Code:	1D0-1056-23-D
Certification:	Oracle Financials Cloud
Vendor:	Oracle
Total Questions:	154
Last Updated:	Apr 24, 2024

Oracle 1D0-1056-23-D