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Exam 1z0-1056-21 All Questions

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Exam 1z0-1056-21 topic 1 question 15 discussion

Actual exam question from Oracle's 1z0-1056-21
Question #: 15
Topic #: 1
[All 1z0-1056-21 Questions]

The Multifund Accounting feature supports detailed distributions for invoices with revenue recognition rules. For a customer invoice with the distributions below:

Which unearned revenue accounting entries will the feature generate?

  • A. Credits of $900 and $600 for companies 01 and 02 respectively
  • B. Credits of $900 and $500 for companies 01 and 02 respectively
  • C. Debit of $900 and credit of $500 for companies 01 and 02 respectively
  • D. Credit of $900 and debit of $500 for companies 01 and 02 respectively
  • E. Debits of $900 and $500 for companies 01 and 02 respectively
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Suggested Answer: C 🗳️

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RAHULDE
1 year, 9 months ago
Selected Answer: B
Both should be credits
upvoted 2 times
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