Exam 1z0-962 topic 1 question 41 discussion

Actual exam question from Oracle's 1z0-962

Question #: 41
Topic #: 1

If AutoAccounting is set to derive accounting segments based on a standard line, the transaction line must be either ________________ or ________________.
Otherwise, AutoAccounting cannot derive a valid account code combination for revenue recognition.
Identify the two values. (Choose two.)

A. a standard memo line
B. a purchasing item
C. a credit memo line
D. an inventory item
E. a debit memo line

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Suggested Answer: AD 🗳️
Reference:
https://docs.oracle.com/cloud/farel8/financialscs_gs/FAOFC/F1113011AN1CFB0.htm

by Jamrock at July 1, 2020, 4:31 a.m.

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Jamrock

4 years, 10 months ago

Correct Answer: AD Reference: https://docs.oracle.com/cloud/farel8/financialscs_gs/FAOFC/F1113011AN1CFB0.htm or https://docs.oracle.com/en/cloud/saas/financials/20b/fairp/define-customer-billing-configuration.html#FAIRP417235 Standard Lines Use the memo line or inventory item on the transaction to determine this segment of revenue, AutoInvoice clearing, freight, tax, unbilled receivable, and unearned revenue accounts. If you select this option for AutoInvoice clearing, freight, tax, unbilled receivable or unearned revenue accounts, Receivables uses the revenue account associated to the memo line item or inventory item. If the transaction has a line type of Line with an inventory item of Freight, AutoAccounting uses the revenue scheduling rules for the freight account rather than the revenue account.

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Exam 1z0-962 topic 1 question 41 discussion

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Jamrock

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