Oracle Exam 1Z0-1059-24 Topic 5 Question 2 Discussion

Actual exam question for Oracle's 1Z0-1059-24 exam

Question #: 2
Topic #: 5

Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?

AThese accounts are optional in Revenue Management.

BIf nonexistent, these accounts need to be added to the chart of accounts.

CIf nonexistent, these accounts are added automatically to the chart of accounts.

DThese accounts are not relevant to Revenue Management.

Show Suggested Answer

Suggested Answer: C

by Penney at Mar 21, 2025, 09:25 AM

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Tracie

12 days ago

Option A is just plain wrong. These accounts are not optional, they're a crucial part of the revenue management process.

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Colton

14 days ago

I believe D is incorrect, as these accounts are relevant to Revenue Management.

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Gussie

18 days ago

I'm not sure, but I think C could also be a possibility.

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Joseph

23 days ago

I agree with Gilma, because if they are nonexistent, they need to be added.

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Willard

1 months ago

Haha, option D is hilarious. These accounts are clearly relevant to Revenue Management, so that can't be the right answer.

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Leana

5 days ago

C) If nonexistent, these accounts are added automatically to the chart of accounts.

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Wei

6 days ago

B) If nonexistent, these accounts need to be added to the chart of accounts.

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Ashlyn

16 days ago

A) These accounts are optional in Revenue Management.

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Anika

1 months ago

I'm going with option C. If these accounts are essential, the system should just add them automatically rather than requiring manual intervention.

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Jacquline

1 months ago

Option B seems like the most reasonable answer. If these accounts are required for Revenue Management, they should be added to the chart of accounts if they don't already exist.

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Devora

1 days ago

Yes, it's always better to have everything set up properly from the beginning. Option B is the way to go.

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Cristy

20 days ago

I think so too. It's better to be prepared and have all the required accounts in place.

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Elin

26 days ago

I agree, option B makes the most sense. It's important to have all necessary accounts in the chart of accounts.

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Gilma

1 months ago

I think the correct answer is B.

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