Oracle
1Z0-516 · Question #366
Horizon Real Estate Company usually issues rent invoices to its tenants at the beginning of every quarter. It recognizes the monthly rent revenue on the first day of each month. However, some…
The correct answer is C. Accounting rules can be set to defer the monthly rent revenue. D. Payment term can be set to allow customers to make payments in two installments. See the full explanation below for the reasoning.
Question
Horizon Real Estate Company usually issues rent invoices to its tenants at the beginning of every quarter. It recognizes the monthly rent revenue on the first day of each month. However, some tenants are required to make the monthly rent payments in two installments, that is on the15th and the last day of the month. Which two statements are correct about the possible solutions for this business requirement? (Choose two.)
Options
- APayment term can be set to defer the monthly rent revenue.
- BInvoicing rules can be set to defer the monthly rent revenue.
- CAccounting rules can be set to defer the monthly rent revenue.
- DPayment term can be set to allow customers to make payments in two installments.
- EInvoicing rules can be set to allow customers to make payments in two installments.
- FAccounting rules can be set to allow customers to make payments in two installments.
How the community answered
(28 responses)- A14% (4)
- B4% (1)
- C71% (20)
- E7% (2)
- F4% (1)
Community Discussion
No community discussion yet for this question.