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NEW QUESTION 21
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 custom formulas
- B. Use mapping set rules
- C. Use analytical calculations
- D. Use flexfield
Answer: A
NEW QUESTION 22
Which duty role should be assigned to job role to import transaction data for accounting and posting in General Ledger?
- A. General Accounting Function Administration.
- B. General Accounting Setup Review.
- C. Accounting Hub Integration.
- D. Accounting Hub Administration.
Answer: C
NEW QUESTION 23
The new billing source system has been registered into Accounting Hub Cloud. The subledger is in active state. At a later date, the business decides to bring in another legacy system (for example, a payment system) for accounting in Accounting Hub.
What two options do you have?
- A. Add this as a new transaction type into existing registered subledger from the user interface.
- B. Register it as a new source system.
- C. Change the transaction data file.
- D. Add this as a new transaction typo into existing subledger registration spreadsheet template.
Answer: A,B
NEW QUESTION 24
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