Online Access Free 1z0-506 Exam Questions

Which three actions are facilitated through The Reconciliation Summary Report?

• A.Drill down on the difference amounts to see specific reconciling items and the potential cause of the out of balance condition.
• B.Drill down from any of the summarized Receivables and Accounting amounts to see the detailed activity.
• C.Drill down to see reconciliation details and make reconciling for corrections.
• D.Drill down to see details of what still needs to be transferred and posted to the General Ledger.
• E.Drill down to view the data and use standard Excel functionalities like sum, find, sort, and filtering WITHOUT downloading to Excel.

AutoCash rules apply to__________.

• A.automatic receipts
• B.credit card
• C.manual receipts
• D.QuickCash

Which two Collection Preferences can be selected as the default transaction class for the transaction tab?

• A.Credit Memo
• B.Guarantee
• C.Debit Memo
• D.Deposit
• E.Charge back

An invoice for $100 has revenue deferred due to unmet payment based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 has been issued against this Invoice. Explain how revenue accounting will occur.

• A.Unearned revenue will be credited for $100.
• B.Earned revenue will be debited for $50.
• C.Unearned revenue will be debited for $50.
• D.Earned revenue will be credited for $50.

You can click the manager Invoice Lines from the Billing Work Area to find Autoinvoice Exceptions. What parameters are used to summarize the exceptions for review?

• A.Business Unit, Transaction Source, Creation Date, Currency
• B.Business Unit, Customer Name, Transaction Source, Total Amount
• C.Business Unit, Transaction Source, Transaction Type, Creation Date
• D.Business Unit, Transaction Type, Invoice Date, Currency