What are the difference between Deposit and Guarantee in AR
- 5 Answers
- 25356 Views
- Xansa, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ch roopa
Deposit are the pre-payment made by a customer that should
be adjusted against futre debit transaction that are raised
with respect to this pre-payment. so deposit represent the
advance payment made by the customer.
Guarantee is a documentation of the promise made by the
customer to obtain the goods from the organisation. This
promise is documented as a gurantee. The customer doesnot
make payment for the guarantee
| Is This Answer Correct ? | 23 Yes | 0 No |
Answer / d chitti babu
Deposit : It is the pre-payments made by a customer that
should be adjusted against the future debit transactions
that are raised with respect to this pre-payments.
Gurantee : It is a documentation of the promise made by the
customer to obtain the goods from the organisation. This
promise is documented as a gurantee. The customer does not
make payment for the guarantee
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / mahi
Deposit and Guarantee Transactions both are Commitment
Transactions.
Where Deposit Transaction includes Cash Involvement, But
Guarantee Transaction Does not Involve Cash and Guarantee is
just an Oral Agreement
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / swathi
Both are committment
Deposit: When u raise an deposit u pay it. Again when
invoice is raised u tie the invoice to the deposit.
Guarantee: It is promise to buy a specified quantity. u
dont pay the Guarantee. U only tie the invoices to a
Guarantee.
For both the revenue account is unearned.
Regards
swathi
| Is This Answer Correct ? | 4 Yes | 4 No |
Answer / madhav
DEPOSIT AND GUARANTEE BOTH ARE COMMITMENTS.
DEPOSIT: IN DEPOSIT CUSTOMER WILL DEPOSIT SOME AMOUNT AS AN ADVANCE TO THE SUPPLIER.
GUARANTEE:IN GUARANTEE CUSTOMER MAKES COMMITMENT BUT HE WILL NOT DEPOSIT ANY AMOUNT WITH THE SUPPLIER .
| Is This Answer Correct ? | 0 Yes | 1 No |
What are the steps to close the period in AP, FA, AR and GL ? What reports do we need to run? What is order to cash cycle ? Explain? What is P2P Cycle?
In Subinventories Form, how to enable the Locator Control. A message displayed when changing the drop down list "FRM-40200: Field is protected against update.
How can we Define Corporate law sob and Income Tax law Sob?
Which factor decide how many segment in our structure?
how to change the precision from two places to four places
What could be the probable reason for Not Showing the Taxes in Project Draft Invoices?
What is meant by accrual write off?
What is meant by with-holding tax invoice?
1)What cannot be consolidated in GCS? 2) When you setup calendar in GL is it possible to change it?
What is Tolerance?
What is FSG ? What are the components of FSG ?
dear gurus i would like to know about Flex field qualifiers
Oracle Apps Technical 
