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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Willard

7 days 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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Anika

10 days 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

12 days 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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Elin

2 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

15 days ago

I think the correct answer is B.

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