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Vendor: Oracle
Exam Code: 1Z0-1056-23
Exam Name: Oracle Financials Cloud: Receivables 2023 Implementation Professional
Certification: Oracle Certifications
Total Questions: 186 Q&A ( View Details)
Updated on: Jan 16, 2025
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The process of remitting receipts to a bank results in fund transfer errors.
Identify three corrective actions to resolve this. (Choose three.)
A. receipt reversal
B. clearing payment information
C. credit reversal
D. debit memo reversal
E. change of instrument
Which two statements are true about processing Receivables adjustments that impact tax amounts?
A. Receivables can look at invoice and retrieve the tax rate code.
B. There is no need to retrieve the tax rate code.
C. Receivables can look at the adjustment activity and retrieve the tax rate code.
D. Receivables can look at System Options and retrieve the tax rate code.
CORRECT TEXT-(Topic 2)
Manage Receipt Classes and Methods
Scenario
Supremo US Business unit needs to capture customer payments that will be reconciled in the Cash Management application. You need to define a receipt class and receipt method, and assign the appropriate bank account to meet this requirement.
Task:
Create a manual Receipt Class, where:
1.
Name of the new receipt class is XXReceipt Class (Replace XX with 03, which is your allocated User ID.)
2.
Receipts using this new receipt class will not be remitted
3.
Organization will use Cash Management to clear their receipts
A. See the explanation below for solution.
B. PlaceHolder
C. PlaceHolder
D. PlaceHolder
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