Oracle Exam 1z0-1056 Topic 8 Question 5 Discussion

Actual exam question for Oracle's 1z0-1056 exam

Question #: 5
Topic #: 8

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?

ASet the credit classification revenue recognition policy to look for Line First and Tax Later.

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

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

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

ESet the payment terms revenue recognition policy to look for Line First and Tax Later.

Show Suggested Answer

Suggested Answer: C

by Marge at May 06, 2022, 11:27 AM

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