Free Oracle 1z0-975 Exam Dumps Questions & Answers

Given the subledger journal entry:

Note that the first segment is the primary balancing segment.
Which statement is True regarding this subledger journal entry?

• A.  It appears correct.
• B.  It is not balanced by balancing segment.
• C.  It is not balanced by entered currency.
• D.  It is not balanced by entered amounts.

Given the journal:

What is the terminology that is used to identify the "Account Number', 'Original Balance' , and 'Origination Date' fields?

• A.  User Transaction Identifier
• B.  System Identifier
• C.  Source System Identifier
• D.  Attribute Identifier

Which transaction source is used to link transaction header and line information?

• A.  Transaction Date
• B.  Transaction Number
• C.  Transaction Type
• D.  Transaction Key

What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?

• A.  Accounting Hub Import Duty Role
• B.  Accounting Hub Create and Post Journal Entry Duty Role
• C.  Accounting Hub Create Accounting Duty Role
• D.  Accounting Hub Integration Duty Role

Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. The majority of the trucks are owned; however, in some cases, 'New Truck' may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company
'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
How do you calculate discounts for use in the accounting rule?

• A.  Use mapping set rules
• B.  Use flexfield
• C.  Use analytical calculations
• D.  Use custom formulas