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NEW QUESTION 52
Given the business use case:
‘New Trucks’ runs a fleet of trucks in a rental business In the U.S. Themajority 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 pass the calculated value for discount amounts in accounting rules to the corresponding journal line?

  • A. Assign it to an account rule.
  • B. Assign it to a transaction type.
  • C. Assign it to an accounting attribute.
  • D. Assign it to an accounting method.

Answer: C

 

NEW QUESTION 53
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

Answer: D

 

NEW QUESTION 54
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.
What wil the typical transaction information be at the header level?

  • A. Amount
  • B. Customer Number
  • C. Currency
  • D. Line Type

Answer: B

 

NEW QUESTION 55
Which task in the Setup and Maintenance work area is used to download the template for registering a source system in the Accounting Hub Cloud?

  • A. Manage Configuration Packages
  • B. Update Subledger Accounting Options
  • C. Create Subledger Application Setups in the Spreadsheet
  • D. Manage Subledger Application

Answer: C

 

NEW QUESTION 56
What attribute of a subledger journal entry is NOT transferred to GL?

  • A. Accounting lines
  • B. Accounted amounts
  • C. Supporting references
  • D. Accounting class

Answer: A

 

NEW QUESTION 57
……

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