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


 Oracle Apps Technical interview questions  Oracle Apps Technical Interview Questions (483)
 Oracle Apps Financial interview questions  Oracle Apps Financial Interview Questions (589)
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 Oracle Apps AllOther interview questions  Oracle Apps AllOther Interview Questions (11)
What is meant by void payments?
 Question Submitted By :: Nagesh
I also faced this Question!!     Rank Answer Posted By  
  Re: What is meant by void payments?
# 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 ?    15 Yes 3 No
  Re: What is meant by void payments?
# 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 ?    5 Yes 1 No
Anil S

Other Oracle Apps Financial Interview Questions
  Question Asked @ Answers
In What scenerio intercompany and mass- allocation journal can be used in business? Rolta 2
Can you split an Invoice? Cap-Gemini 5
What is difference between debit memo and credit memo?   2
What r the Documents We can create while implementation? TCS 2
What are the tables associated with Invoice?   2
Can any one tell set ups required for for Bills Receivables and also Automatic Receipts.   2
can we create purchase order without requisition ? TCS 5
Types of Prepayments? And difference between them?   2
if you are not having a cashmanagement module how to reconcile or how to clear the transactions? Genpact 2
Is it possible to retire an asset in the same period it is added?   2
How the system will know which entry come from which operating unit. Example A,B and C is a operating unit and bymistake we posted one entry in Operating Organisation A which belongs to actually Operating Org. B. How the system will understand that this entry Posted in Operating Unit A. Aurobindo 4
what diff b/w security rulues and cross validation rulues   9
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