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1z0-1056-23 Questions and Answers

Question # 6

Which flexfields does Autolnvoice require to identify transactions and transaction lines, if you load the interface using a customized form?

A.

Line-level transaction flexfield. Header-level transaction flexfield. and Link to transaction flexfield

B.

Line-level transaction flexfield and Header-level transaction flexfield

C.

Line-level transaction flexfield, Invoice transaction flexfield. Reference flexfield. and Link to transaction flexfield

D.

Line-level transaction flexfield. Header-level transaction flexfield. and Reference flexfield

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Question # 7

You defined a Payment Terms Threshold Policy to defer revenue recognition of 120 days. An invoice is imported with split Payment Terms, consisting of the following five installments:

What revenue amount would be deferred on this Imported Invoice?

A.

3000

B.

5000

C.

1000

D.

4000

E.

2000

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Question # 8

In Advanced Collections, scoring formulas are used to effectively manage your collection activities and strategies. Scoring formulas contain data points that help determine the collectability of your outstanding balances. To determine the number of days passed since the last payment was received from a customer, you can use the Age of Latest Payment data point.

At which details?

A.

Customer

B.

Organization

C.

Site

D.

Account

E.

Site Address

F.

Party

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Question # 9

it has been decided that when processing customer payments using lockbox one customer can pay for another customer's transaction.

Which two steps will help achieve this?

A.

Select the Allow payment of unrelated transactions Receivables System Option.

B.

Define a relationship between the two customer accounts.

C.

Define a netting agreement between the two customer accounts.

D.

Define a business purpose of invoice to each customer address.

E.

Define and share a cash pool bank account between the customers.

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