Oracle Exam 1Z0-1056-21 Topic 5 Question 4 Discussion

Actual exam question for Oracle's 1Z0-1056-21 exam

Question #: 4
Topic #: 5

Debit Memo Reversal is a new receivable that replaces the item closed by the original receipt.

When should the Debit Memo Reversal method be used to reverse a receipt?

AYou are reversing a receipt that you previously applied to a chargeback and this chargeback was not accounted.

BYou are reversing a receipt that you previously applied to a chargeback and this chargeback was posted to your general ledger.

CYou are reversing a receipt that you previously applied to a chargeback and this chargeback has had no activity (another receipt or credit memo or adjustment) against it.

DYou are reversing a Miscellaneous receipt.

Show Suggested Answer

Suggested Answer: C

by Felicidad at May 06, 2022, 05:53 AM

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