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Categories >> Software >> ERP CRM >> Oracle Apps >> Oracle Apps Financial


 Oracle Apps Technical interview questions  Oracle Apps Technical Interview Questions (484)
 Oracle Apps Financial interview questions  Oracle Apps Financial Interview Questions (593)
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 Oracle Apps AllOther interview questions  Oracle Apps AllOther Interview Questions (11)
What is meant by void payments?
 Question Submitted By :: Oracle-Apps-Financial
I also faced this Question!!     Answer Posted By  
# 1
void means useless.

u can use void funtion after payment of invoice, so when u
void a payament payables automatically reverses the

void payments restrictions
1. when payment paid by third party.
2. when payment got clearence from bank
3. when the related invoices has prepayment to it.
4. partially paid .
Is This Answer Correct ?    16 Yes 3 No
# 2
Void Payment means that once the payment is posted and u
can't edit the entry, In this case you void the entry by
doing reversal and the effect is zero and then you enter the
new entry as per the requirement.
Is This Answer Correct ?    6 Yes 1 No
Anil S

Other Oracle Apps Financial Interview Questions
  Question Asked @ Answers
Is it possible to match PO from Order Management in AP, if so how ? How does the P.O matching process works in AP? Oracle 1
What are the steps to define a Bank?   2
What is profitability? How do you map 'segment wise profitability' in Oracle? IBM 1
When does the Invoice price variance arise? What is the accounting entry? Accenture 2
r there any setups to enable budget tab while entering journals Pfizer 2
I have requirement where the Invoice given by supplier is in USD, but the payment can be done in GBP. Is it possible in AP?   1
What r the GAPS can we find out while Implementation? TCS 5
Which interface tables are used for Invoice Import , give the important columns? IBM 1
what is withholding tax Meru-Cabs 4
Tell me cash management mandatory setups ibm 1
What is meant by RTS transactions?   1
What is price break and what are the different types of price breaks ? FIC 3
For more Oracle Apps Financial Interview Questions Click Here 

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