1056-21 Payment Practice Questions
The free 1z0-1056-21: Oracle Financials Cloud: Receivables 2021 Implementation Essentials questions that deal with payment, with answers and explanations. The full bank and the timed practice test cover every topic the exam asks about.
Question #4
4. Where can you set up payment terms for customers?
Correct answer: D
Explanation
Payment terms are defined within each customer profile to ensure appropriate terms are applied during transactions.
Question #9
9. How can you track customer payment history effectively?
Correct answer: C
Explanation
The Payment History Report provides a comprehensive view of customer payments over time, aiding collections.
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