Free Oracle 1Z0-1056-25 Exam Questions

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

Page: 1 / 36

Total 180 Questions | Updated On: May 01, 2025

Add To Cart

Question 1

Which three attributes are displayed in the detail table of the Balance forward Bill infotile? (Choose three.)

A : Due date

B : Amount due on Bill

C : Past due Amount

D : Collector

E : Billing date

Answer: A,B,E

Question 2

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

Question 3

A Billing Specialist has created and completed an invoice for $100 USD for Customer The Specialist prints the invoice and realizes that the invoice should have been created for Customer B. The accounting for the transaction for Customer A is posted to the General Ledger.

How can this be corrected?

A : Create an adjustment for the entire amount and create a negative adjustment for Customer B.

B : Create an on-account credit memo for $100 USD for the invoice and enter a new invoice for Customer B.

C : Change the status of the invoice to Incomplete and enter a new invoice for Customer B.

D : Navigate to the credit transaction link in the Billing work area, credit the entire amount, and enter a new invoice for Customer B.

Answer: B

Question 4

Which two items are required for customer invoicing? (Choose two.)

A : Lockbox

B : Customers

C : Remit-to-address

D : Customer Profile Class

Answer: A,D

Question 5

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.

Answer: A,B

Page: 1 / 36

Total 180 Questions | Updated On: May 01, 2025

Add To Cart