Answer / santosh

HI

1. -200$ worth of good you need to do sales return.
2. so One Credit Memo will generate in AR worth of -200$
3. Go for refund from Credit memo itself(Actions:Application:Select apply to "Refund") and follow the same refund process

Setup Required:
1. Define Receivable activity with "Refund"
2. Define the Approval Limit to user for the refund activity.

Regards
Santosh

Answer / nagarjuna

Define receivable activity for Refund
Define memo line for on-account credit memo
Prepare on account credit memo against customer in
transactions window.
from transactions window apply refund (Actions -->
Applications --> refund attributes --> provide payment method)
One invoice will be generated in payables
create payment against invoice.

Please let me know the various accounting entries in AP & AR for a layman. Like invoice posting, payment, offset entries, exchange fluctuation entries, i am preparing for an interview. PLEASE HELP

4 Answers   Oracle,

---

What is Proxima Payment Terms?

4 Answers   HCL, IBM, TCS,

---

What is the difference between SR

1 Answers   WIP,

---

How the system calculated the retained earnings in r12

1 Answers   IBM, Infosys, VLS,

---

What is FSG ? What are the components of FSG ?

1 Answers   FIC, IBM, TATA,

---

Can you explain the "Recalculate Scheduled Payment" setting in the Payables Option menu? Should this be enabled?

1 Answers   Satyam,

---

what is the diffrence between 11i and R12 ?

2 Answers   Wipro,

---

Is it possible to import invoices of a specific Sales Order?

1 Answers  

---

How will call a Key Flexfield Routine in Oracle Apps Forms and what are the arguments to be passed to that routines ? (He was asking me the Package name and Procedure)

1 Answers   Spider Systems,

---

1.what is difference between (New feature) 11i & R12 for Receivable, Fixed asset, GL, Payables.? 2.How was your previous company segment qualifier was defined.? 3. How many segment qualifier? 4. How the intracompany transaction take place.?

1 Answers   L&T, TTN,

---

Hi, I actually finished my oracle financials R12 course recently and am planning to attend an interview next week...so can any one help me with some of the important interview questions? I am actually keeping 2 yrs fake exp....

1 Answers  

---

I have created an invoice and made the payment in Accounts payable. Now the payment status is Negotiable and accounting status is processed. I reconciled the transaction in Cash Mgmt, The status changed from negotiable to Reconciled in CM. I checked the payment status for the invoice in payment window(AP), the payment status changed to RECONCILED UNACCOUNTED i.e correct but the accounting status is remain processed which is not the correct. I hope the transaction will be correct if the accounting status would have changed to PERTIAL . Please suggest any solution for the above query.

1 Answers   Student, TCS,

---