Oracle Exam 1Z0-1056-23 Topic 1 Question 1 Discussion

Actual exam question for Oracle's 1Z0-1056-23 exam

Question #: 1
Topic #: 1

it has been decided that when processing customer payments using lockbox one customer can pay for another customer's transaction.

Which two steps will help achieve this?

ASelect the Allow payment of unrelated transactions Receivables System Option.

BDefine a relationship between the two customer accounts.

CDefine a netting agreement between the two customer accounts.

DDefine a business purpose of invoice to each customer address.

EDefine and share a cash pool bank account between the customers.

Show Suggested Answer

Suggested Answer: A, B

These are the two steps that will help achieve this requirement. The Allow payment of unrelated transactions Receivables System Option enables one customer to pay for another customer's transaction using lockbox. The relationship between the two customer accounts defines how payments are applied across different customers. Verified Reference: [How You Process Lockbox Receipts - Oracle]

by Janey at Aug 06, 2023, 06:16 AM

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