Online Access Free 1Z0-1019 Exam Questions

How many transaction event classes can be set up for a subledger uploaded to Accounting Hub Cloud?

• A.Three
• B.Two
• C.Unlimited
• D.One

Which two actions can you accomplish for a registered source system?

• A.Revise source Information through the user interface and add more sources.
• B.Add new event classes through the user interface.
• C.Modify the subledger application name as long as there are no pending accounting entries.
• D.Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.

Which is used to track a specific transaction attribute on subledger journal entries?

• A.value set rules
• B.supporting references
• C.account rules
• D.lookup value rules

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 can the automatic recognition of insurance income be implemented in Accounting Hub Cloud?

• A.Set up automatic Journal line reversal.
• B.Set up a transaction line reversal.
• C.Create an adjustment journal entry.
• D.Set up multiperiod accounting journal lines.

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. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How many ledgers are required to be set up?

• A.One primary, one secondary ledger
• B.One primary, one repotting currency ledger
• C.Two primary ledgers
• D.One primary ledger