APPS AR FAQS

Oracle Apps Interview Questions and answers AR Functional

1. How many Address's can have one Customer?
Primary Address, Bill – To – Address, Ship – To – Address

2. Customer Number Always Automatic / Manual?
Any thing Either Manual or Automatic

3. What are the Mandatory Address's you should create a Customer for Communicate him?
Remit – To – Address

4. Can U Merge the Customers? If How?
Using the Merging Customer Window

5. What is Accounting Rules?
It is For Generating Revenue Recognition Programs like Monthly, Quarterly

6. What is Invoicing Rules?
The Invoicing Rules Helps you when you receive data from Outside systems like Auto Invoices how the data should insert and It contains 2 rules Advance Invoice, Arrears Invoice.

7. Where should the customers send the payments of Invoices?
Remittance Banks or Vendor Places

8. What is the Transaction Type?
It describes us Whether you want transfer the Receivables data into General Ledger or not. And also when ever you create an invoice what are the accounts should be effected and also the sign of Transaction also.

9. What is a Transaction Source?
It is For Invoice or Invoice Batch numbers whether automatically or manually

10. How many Transactions we have?
Six, Credit Transactions: Invoice: Debit Memo: Charge back: Guarantee: Deposit

11. How can i reduce the Invoice amount?
Using with Credit Transactions

12. What are the Accounts to be use in Transaction Types (Few)?
Revenue, Receivables, Freight, Tax, Clearing, Unearned, Unbilled

13. How can i Assign a Deposit amount to an Invoice?
In the Invoice Window "Commitment" Region

14. What is the Guarantee?
It is agreement between both sides for goods or services in the future , specific range of periods

15. Give the Navigation for Credit Transactions?
Transactions/Credit Transactions

16. How many ways you can apply the Receipt Amount?
Application: Mass Apply

17. How will you know a Customer Balance Amount?
Using with the Customer Account Overview window

18. Can U Define Customer Agreements using with AR?
No, In the Oracle Order Entry Module

19. What are Aging Buckets?
It is for Outstanding Reports purpose the no of days in various ranges

20. How will U View the Outstanding Balance of a Customer?
Generating the Aging Buckets Report