Free Oracle 1Z0-1056-20 Exam Dumps Questions & Answers

The process of remitting receipts to a bank results in fund transfer errors.
Identify three corrective actions to resolve this. (Choose three.)

• A.change of instrument
• B.clearing payment information
• C.debit memo reversal
• D.credit reversal
• E.receipt reversal

Identify two late charge interest calculation methods. (Choose two.)

• A.Adjusted Balance
• B.Average Daily Balance
• C.Previous Balance
• D.Overdue Transactions only

One of the customers pays its bills electronically from their bank account (Direct debit).
Which process do you need to run in Receivables to initiate the transfer of funds from their bank account to your organization's bank account?

• A.Clear Receipts Automatically Process
• B.Remittance Process
• C.Lockbox Process
• D.Automatic Receipt Process

When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created?

• A.automatically by using the Adjustment Reversal and Chargeback Reversal activities
• B.manually, but without using the Adjustment Reversal and Chargeback Reversal activities
• C.manually by using Chargeback Reversal activities
• D.manually by using Adjustment Reversal activities
• E.automatically, but without using the Adjustment Reversal and Chargeback Reversal activities

Which three transaction types are used to generate late charges? (Choose three.)

• A.Credit Memo
• B.Interest Invoice
• C.Adjustments against the original transaction
• D.Cash Receipts
• E.Debit Memo