Online Access Free 1Z0-1060-21 Exam Questions

The new billing source system has been registered into Accounting Hub Cloud. The subledger is in active state. At a later date, the business decides to bring in another legacy system (for example, a payment system) for accounting in Accounting Hub.
What two options do you have?

• A.Register it as a new source system.
• B.Add this as a new transaction typo into existing subledger registration spreadsheet template.
• C.Add this as a new transaction type into existing registered subledger from the user interface.
• D.Change the transaction data file.

You have been assigned to troubleshoot a Create Accounting error.
What is the first step you need to take to use the diagnostics framework features?

• A.Run the Accounting Events DiagnosticReport.
• B.Submit the Accounting Event Diagnostics process.
• C.Run Create Accounting again to generate journal entries for the events that ended in error.
• D.Set the "SLA: Diagnostics Enabled" profile option.

Given the business use case:
'New Trucks' runs a fleet of trucks in a rentalbusiness 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: totalmaintenance 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 manyledgers are required to be set up?

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

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

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

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

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