Online Access Free 1z0-506 Exam Questions

The collections Manager runs the Determine Delinquency Using Scoring program to identify delinquent transitions. She wants to know the status of a particular transaction. On which tab she will find the status.

• A.Transaction aging tab
• B.Customer Aging tab
• C.Transactions tab
• D.Transaction Details tab

In a scenario receipts are factored receipt class that requires confirmation, remittance, and clearance. Select the valid accounting entry that would be generated when receipts are cleared.

• A.The Cash and Bank charges accounts are debited and the Factoring account is credited
• B.The Cash and Bank charges accounts are debited and the Short term debt account is credited
• C.The Factoring account is debited and the Short term debt account is credited.
• D.The Short term debt account is debited and the Factoring account is credited.

The Receipts Pending Application region in the Receivables Dashboard provides Information about which two Items?

• A.Batch type
• B.Control Amount
• C.Receipt Date
• D.Amount
• E.Receipt Status

Which two preference definitions determines the default values during the collection process?

• A.Default exchange rate
• B.Preference set
• C.Display of open transactions
• D.Default aging method
• E.Default contact for unknown dunning recipients

Which two options are features of the Create Automatic Receipts Write-Off program?

• A.Schedule periodic write offs as receipt adjustments for small remaining balances.
• B.It is NOT mandatory to set up a write-off account in your receivables activity.
• C.Create write-offs for overpayment and underpayment amounts.
• D.Create write-offs for overpayment amount.