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Oracle 1Z0-561 Exam Sample Questions

Question: 2

When is the “Year-end P/L Account” (specified at the Bank level) used?

  1. when a particular GL is closed
  2. when the GL to which year-end balances should be posted is not specified in Accounts
  3. when all year-end transactions pertaining to Memo GL are to be posted
  4. when previous year adjustment entries are to be posted


Answer: B

Question: 1

Which statements are true in regards to Change Class?

A) Different Association, Application and Liquidation events will be available.

B) Different Basic Amount Tags will be available.

C) Different Third-Party Types will be available.

D) Different User-Defined Fields will be available.

  1. A and B
  2. C and D
  3. A and D
  4. B and D


Answer: B

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Question: 2

When is the “Year-end P/L Account” (specified at the Bank level) used?

  1. when a particular GL is closed
  2. when the GL to which year-end balances should be posted is not specified in Accounts
  3. when all year-end transactions pertaining to Memo GL are to be posted
  4. when previous year adjustment entries are to be posted


Answer: B

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Question: 5

What is true about Dormancy Days in Account Class?

  1. Mark Customer Account as Dormant as part of EOD batch process if there are no debit and credit transactions for the number of days maintained under Dormancy Days in Account Class.
  2. Close Customer Account as part of EOD batch process if there are no debit and credit transactions for the number of days maintained under Dormancy Days in Account Class.
  3. Automatically Tick No Debit and No Credit flag as part of EOD batch process if there are no debit are credit transactions for the number of days maintained under Dormancy Days in Account Class.
  4. Mark the customer linked to the Customer Account as Dormant.


Answer: A

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Question: 2

When is the “Year-end P/L Account” (specified at the Bank level) used?

  1. when a particular GL is closed
  2. when the GL to which year-end balances should be posted is not specified in Accounts
  3. when all year-end transactions pertaining to Memo GL are to be posted
  4. when previous year adjustment entries are to be posted


Answer: B

Question: 1

Which statements are true in regards to Change Class?

A) Different Association, Application and Liquidation events will be available.

B) Different Basic Amount Tags will be available.

C) Different Third-Party Types will be available.

D) Different User-Defined Fields will be available.

  1. A and B
  2. C and D
  3. A and D
  4. B and D


Answer: B

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