what is commitment (Warranty invoice) in AR?

Question Posted / sunil nirala

2 Answers
8841 Views
Ernst Young, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

what is commitment (Warranty invoice) in AR?..

Answer / mahesh .gudeti

warranty invoice is nothing but Guarantee invoice.

Guarantee invoice is nothing but just we have to give Assurance from the customer to buy goods and services.

Note: Deposit and Guarantee come under commitments.

Is This Answer Correct ?

5 Yes

0 No

what is commitment (Warranty invoice) in AR?..

Answer / prasad

Deposits / Guarantee comes under Commitment Transaction in AR.

Deposits - Monetary Transaction
Guarantee - No Monetary Transaction (Only guarantee)

Is This Answer Correct ?

0 Yes

0 No

Post New Answer

More Oracle Apps Financial Interview Questions

How to Reconciliation AP to CM ? How to Reconciliation AR to CM ?

0 Answers TCS,

What is meant by accrual write off?

3 Answers

What are the key flexifields avilable in Oracle General ledger?

7 Answers Oracle,

What are the steps and control checks in posting journal entries ?

1 Answers Oracle,

What are the steps to define a Bank?

2 Answers

What do you mean by controlling buyers workload?

2 Answers ABC, Oracle,

Can you split an Invoice?

5 Answers Cap Gemini,

what is the meaning of purchase default and what are the types

0 Answers

Define suspense account in Oracle apps and why is it mandatory?

4 Answers Oracle,

what is the accounting convention? what are they?

1 Answers IBM,

what is the difference between initial mass copy and periodic mass copy?

1 Answers BirlaSoft, Cap Gemini, IBM,

What is the use and benefit of Multi-Org.

6 Answers Aurobindo,

For more Oracle Apps Financial Interview Questions Click Here