Oracle Financials Cloud: Receivables 2021 Implementation Essentials

Here you have the best Oracle 1z0-1056-21 practice exam questions

  • You have 71 total questions to study from
  • Each page has 5 questions, making a total of 15 pages
  • You can navigate through the pages using the buttons at the bottom
  • This questions were last updated on October 28, 2025
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Question 1 of 71
When using lockbox to process customer payments, which two tables are used in the upload? (Choose two.)
    Correct Answer: B, D

Question 2 of 71
You created an Auto cash Ruleset where the first rule to be applied to receipts is Match Payments with Invoice. Discount = Earned Only, Late charges = NO, Receipt = $900, Receipt date = 14-Feb-2020, Discount Grace Days = 5.
Which transaction will be applied to the receipt?
    Correct Answer: A

Question 3 of 71
Which three Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose three.)
    Correct Answer: A, B, C

Question 4 of 71
Which predefined dunning letter template is available in the Collections application?
    Correct Answer: C

Question 5 of 71
You are reviewing an invoice on the Review Transaction page. After clicking the Sales Credit subtab, you notice the following breakdown: Revenue Allocation and Nonrevenue Allocation.
What is a Nonrevenue Allocation?
    Correct Answer: D