Online Access Free 1z0-1107-2 Exam Questions

Cash Management provides you the flexibility to create external transactions. Which two types of transactions can be categorized as external? (Choose two.)

• A.bank charges
• B.penalty for delayed supplier payments
• C.bank interest
• D.late charges on delayed customer payments

Which four statements are true about an effective subledger period close? (Choose four.)

• A.Payable must be closed before closing Fixed Assets.
• B.Fixed Assets must be closed before Receivables.
• C.Payable must be closed before Projects.
• D.Fixed Assets must be closed before Payables.
• E.Projects must be closed before Fixed Assets.

Easy Solutions INC has decided to set up a meals expense policy and you have been given the responsibility to define the policy. Identify the correct sequence of steps that should be per-formed to define the meals expense policy? (Choose the best Answer.)

• A.Setting up a Meals Policy > Setting up Policy Violations > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
• B.Associating the Meals Expense Policy with an Expense Type > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expense Type
• C.Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim Type
• D.Setting up Policy Violations > Setting up a Meals Policy > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type

Glenn Systems owns a luxury car and they want to restrict the amount of depreciation that should be charged to this asset in a particular period. Which two types of depreciation ceiling can they use to achieve this? (Choose two.)

• A.Depreciation Cost Ceiling
• B.Depreciation Period Ceiling
• C.Depreciation Expense Ceiling
• D.Depreciation Rate Ceiling

Invoice Number TRS11212 for USD 10000 was recorded for the customer Easy Solutions and it became due last week. The customer had made a payment for USD 8000 on the due date and requested for an additional 7 days' time to pay the remaining amount. You have decided to close the original invoice and create another debit item for the remaining amount of USD 2000. Which type of transaction would you create to record the debit item for USD 2000? (Choose the best Answer.)

• A.Invoice
• B.Chargeback
• C.Debit Memo
• D.Write Off