Free Oracle 1z0-506 Exam Dumps Questions & Answers


Exam Code/Number:	1z0-506Join the discussion
Exam Name:	Oracle Fusion Financials 11g Accounts Receivable Essentials
Certification:	Oracle
Free Question Number:	123
Publish Date:	Aug 05, 2026
# of views:	2224
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Total 123 questions

Question 1

You want the flexibility to void a debit memo or credit memo if there is no activity on the transaction.
What setup is needed on the Void transaction type definition to achieve this objective?

A.Set the Open Receivables option to No and the Post to GL option to Yes.
B.Set the Open Receivables option to Yes and the Post to GL option to Yes.
C.Set the Open Receivables option to Yes and Post to GL Option to No.
D.Set the Open Receivables option to No and the Post to GL option to No.

Question 2

Select the valid reason for a Collector being UNABLE to enter a dispute against a particular transaction.

A.The transaction type is NOT associated to a credit memo type.
B.The transaction is partially paid.
C.The transaction date falls in a closed period.
D.The transaction balance is zero.

Question 3

Oracle has seeded out of the box printing templates defined for each transaction class. How many pre-seeded templates are available?

Question 4

The Receipt Remittances Region on the Receivable Balances Work Area has tabs containing Information on receipts. What are two tabs in the Receipt Remittance Region?

A.On Account Receipts
B.Pending Approval
C.Unapplied Receipts
D.Pending Confirmation
E.Pending Clearance

Question 5

What is the grouping order used to group transaction lines during the Autoinvoice Import process?

A.Transaction Source, Customer Account Profile, system options. Customer Site Profile
B.System options. Customer Site Profile, Transaction Source, Customer Account Profile
C.transaction Source, Customer Site Profile, Customer Account Profile, system options
D.Transaction Source, Customer Account Profile, Customer Site Profile, system options