Question 64:
After all relevant transactions are in Receipt Accounting, which tasks must be completed for these transactions to be transferred to the General Ledger?
Option's:
A. Transfer to Sub ledger Accounting.
B. Transfer transactions from payables.
C. Transfer transactions from receiving.
D. Create distributions.
E. Assign accruals to purchase order transactions.
Answer: D
Answer Explanation: Create distributions is the task must be completed for these transaction to be transferred to the General Ledger.
Question 65:
Identify two characteristics of Landed Cost charge names ?
Option's:
A. Duty is a seeded charge name for Landed Cost.
B. You can modify a charge name until it is associated with a trade operation.
C. Charge names cannot be used to tie an invoice to a trade operation.
D. You can use multiple currencies within a trade operation for the same charge name on different lines. E. Charge names cannot be associated with a PO schedule.
Answer: B & D
Answer Explanation: There are many characteristics of Landed Cost charge names and some of them is 'You can modify a charge name until it is associated with a trade operation' & 'You can use multiple currencies within a trade operation for the same charge name on different lines'.
Question 66:
Select the two valid relationships between subledger components ?
Option's:
A. The accounting method holds the accounting rules by Event Class and Event Type.
B. The journal lines hold the journal entry rule sets.
C. The accounting method groups journal entry rule sets by Event Class and Event Type.
D. Journal entry rules are used to hold accounting rules.
E. Journal entry rule sets hold journal rules and accounting rules.
Answer: D & E
Answer Explanation: Two valid relationships are 'Journal entry rules are used to hold accounting rules' & 'Journal entry rule sets hold journal rules and accounting rules'.
Answer Reference: https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAISL/F1456683AN11328.html
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