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NEW QUESTION 29
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 can the automatic recognition of insurance income be implemented in Accounting Hub Cloud?

A. Set up automatic Journal line reversal.B. Set up a transaction line reversal.C. Create an adjustment journal entry.D. Set up multiperiod accounting journal lines.

Answer: D

 

NEW QUESTION 30
Which four components are created by the source system registration upload process in a single step?

A. Description RulesB. Journal SourceC. Journal CategoryD. Event ModelE. Transaction ObjectsF. Account Rules

Answer: B,C,D,E

 

NEW QUESTION 31
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 PackagesB. Create Subledger Application Setups in the SpreadsheetC. Update Subledger Accounting OptionsD. Manage Subledger Application

Answer: B

 

NEW QUESTION 32
You need to build a complex account rule. Which four value types can you use in your definition?

A. Mapping SetB. ConstantC. SourceD. Account CombinationE. Existing Account RuleF. Value Set

Answer: A,B,C,E

 

NEW QUESTION 33
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