Oracle Exam 1Z0-1057 Topic 17 Question 1 Discussion

Actual exam question for Oracle's 1Z0-1057 exam

Question #: 1
Topic #: 17

A consulting services company is currently working on a business transformation project for your client, which spans multiple years. At the first period close, the consulting services company has recognized revenue and the accounting entry created is:

Dr Unbilled Receivables 40,000

Cr Revenue 40,000

At the end of the period, the client is sent an associated bill. What would be the corresponding invoice accounting entry? (Choose the best answer.)

ADr Unearned Revenue 40,000Cr Accounts Receivables 40,000

BDr Accounts Receivables 40,000Cr Unbilled Receivables 40,000

CDr Accounts Receivables 40,000Cr Revenue 40,000

DDr Unearned Revenue 40,000Cr Revenue 40,000

Show Suggested Answer

Suggested Answer: B

by Junita at May 04, 2022, 11:51 PM

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