Free Oracle 1Z0-1056-24 Exam Questions

Become Oracle Certified with updated 1Z0-1056-24 exam questions and correct answers

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Total 180 Questions | Updated On: Mar 25, 2025

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Question 1

Three salespersons are assigned to a transaction line with a revenue split of 40:50:10. If you transfer 5% to a new sales person, what is the new revenue split between the four sales persons?

A : 38.34 : 48.34 : 8.32 : 5

B : 35: 45 : 5: 5

C : 38: 47.5: 9.5: 5

D : 40: 50: 5: 5

Answer: D

Question 2

You have created a sales invoice for $900 USD with an item line of $750 USD and a tax rate of 20%. The customer has made a payment of $500 USD and you are required to process the cash application to apply the $500 USD to the item line and $0 USD to tax.

How would you achieve this?

A : t the credit classification revenue recognition policy to look for Line First and Tax Later.

B : eate a Memo Line or receivable activity to have the check box selected for Apply Item Line First.

C : t Application Rule Set to Line First--Tax After at the transaction type level and/or a default value at system options.

D : t Application Rule Set to Line First--Tax After at the transaction source level and/or a default value at the receipt method.

E : t the payment terms revenue recognition policy to look for Line First and Tax Later

Answer: C

Question 3

What are the two places where Receivables can look for the ''Match Receipts By'' setting when applying manual customer receipts? (Choose two.)

A : ceipt Method

B : ofile option

C : tomer

D : toMatch Rule

E : tem Options

Answer: A

Question 4

A Cloud customer has decided to use Custom data points loaded by using REST API for Credit Management setup.

After creating Custom data point definitions, which three data point values need to be provided to successfully create a new value? (Choose three.)

A : count Number or Party Number

B : rrency code

C : ta Point ID

D : ta Point Description

E : ta Point Lookup

Answer: A,B,C

Question 5

You are asked to amend subledger accounting and reporting to include origin and history of Receivable transactions.

Which three event attributes should be used? (Choose three.)

A : Transaction number of amendments

B : Transaction created by

C : Transaction last update date

D : Transaction creation date

E : Transaction type of update

Answer: A,C,E

Page: 1 / 36

Total 180 Questions | Updated On: Mar 25, 2025

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