Free Oracle 1Z0-1056-25 Exam Questions

Become Oracle Certified with updated 1Z0-1056-25 exam questions and correct answers

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Total 180 Questions | Updated On: Mar 08, 2026

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Question 1

You created an Auto cash Ruleset where the first rule to be applied to receipts is Match Payments with Invoice. Discount = Earned Only, Late charges = NO, Receipt = $900, Receipt date = 14-Feb-2020, Discount

Grace Days = 5.

Which transaction will be applied to the receipt?

A : Invoice Amount: $1000, Payment Terms: 10/Net 30, Invoice Date: 01-Feb-2020, Due Date: 28-Feb 2020

B : Invoice Amount: $800, Payment Terms: 10/Net 30, Invoice Date: 01 Feb 2020, Due Date: 20-Feb-2020

C : Invoice Amount: $800, Payment Terms: 10/Net 30, Invoice Date: 01-Feb-2020, Due Date: 24-Feb-2020

D : Invoice Amount: $800, Payment terms: 10/Net 30, Invoice Date: 01 Feb 2020, Due Date: 28-Feb-2020

Answer: B

Question 2

Your customer wants to override the calculated tax line amount for their receivable transaction.

What steps should the customer perform to ensure that only one of their employees has this privilege?

A : Enable 'Allow override of calculated tax lines' within the tax configuration owner options for the receivable invoice event and grant the employee the 'Tax Manager ' data role

B : Enable the 'Allow tax rate override' and 'Allow manual tax lines' profiles at the user level, set, the value to Yes for the selected employee, and grant the 'Tax Manager ' data role to the employee.

C : Enable 'Allow override of calculated tax lines' within the tax configuration owner options for the receivable invoice event and set the 'Transaction Tax Line Override' profile option to Yes for the selected employee.

D : Set the 'Transaction Tax Line Override' profile option to Yes for the selected employee and assign the employee the 'Tax Manager ' data role

E : Enable 'Allow override of calculated tax lines' within the tax configuration owner options for the receivable application and create a tax rule to grant this privilege only to the selected employee

Answer: D

Question 3

The method that is used to capture receipts data in mass while you are offline and upload the receipts at a later date is called ______________.

A : automatic receipts creation

B : receipts creation in a spreadsheet

C : manual receipt entry

D : Lockbox receipts creation

Answer: B

Question 4

The Billing Manager has navigated to the Billing work area to complete a transaction. The Incomplete Transactions Overview Region on the Billing Work Area page has a drilldown option through a column to complete the transaction.

Identify the column.

A : Transaction Class

B : Transaction Number

C : Transaction Source

D : Transaction Date

Answer: B

Question 5

In Collections, strategies can be executed based on the wait times defined on a strategy task. When the feature is enabled, you can also assign wait times for strategies based on their transaction type. Which condition must be set for the transaction level when defining a new strategy task by transaction type?

A : Days Early

B : Time

C : DaysLate

D : Not Applicable

Answer: C

Page: 1 / 36

Total 180 Questions | Updated On: Mar 08, 2026

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