Free Oracle 1D0-1056-25-D Exam Questions

Become Oracle Certified with updated 1D0-1056-25-D exam questions and correct answers

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Total 180 Questions | Updated On: Dec 16, 2025

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Question 1

Which setup is required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices?

A : Intercompany invoicing must be enabled in Payables Invoice Options.

B : Same tax rate code must be populated in Intercompany System Options for both Payables and Receivables invoices.

C : Intercompany invoicing must be enabled in Receivables System Options.

D : Receiver and provider business units and legal entities must be subscribed to the applicable tax regime on the transaction date.

Answer: D

Question 2

You are utilizing the ''Upload Customer From Spreadsheet'' option. What information on the Customer Worksheet must be unique for each customer record?

A : Customer Number, Customer Account Number, Customer Site Number

B : Customer Name, Customer Billing Address, Customer Bank Account

C : Customer Name, Customer Account Number, Customer Site Number

D : Customer Number, Customer Billing Address, Customer Bank Account

Answer: A

Question 3

When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ______________.

A : removes the invoice line revenue contingencies

B : leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run

C : removes the pending sales credits

D : leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run

Answer: A

Question 4

Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)

A : The Transaction Summary Report shows only transactions with a status of received.

B : The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.

C : The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.

D : The ledger balancing lines are generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.

E : You need to submit the Extract Intercompany Reconciliation Data job.

Answer: C,D

Question 5

Identify two values that default from Customer Profile Classes. (Choose two.)

A : Business Purpose

B : Statement Cycle

C : Legal Entity

D : Tax

E : Payment Terms

Answer: A,D

Page: 1 / 36

Total 180 Questions | Updated On: Dec 16, 2025

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