Answer / guest

there are two types of prepayments

Permanent
Temporary

If you make permanent prepayment u cant apply it to any
invoice

If you make Temporary prepayment to close the transaction u
have to apply it to an invoice

Answer / raghu kalavendi

Two types of Prepayment

Permanent Temporary

Cannot adjust to invoice an be adjusted to invoice

Can be converted to Temporary Can be converted to Perm
if no adjustment exists

For a prepayment to be adjusted it has to be fully paid.

Multiple installments are supported

Answer / yoga reddy

There are two types of prepayments:
Temporary and Permanent.

Temporary prepayments can be applied to invoices or expense reports you receive.
For example,you use a Temporary prepayment to pay a hotel a catering deposit. When the hotel's invoice arrives, apply the prepayment to the invoice to reduce the invoice amount you pay.

Permanent prepayments cannot be applied to invoices.
For example, you use a Permanent prepayment to pay a lease deposit for which you do not expect to be invoiced.

What's the accounting entry when an Invoice is created in AP?

6 Answers   Oracle, Syntel,

---

You created a set of book , where you will attach this SOB in AP?

11 Answers   HCL, IBM, TCS,

---

What is a Hold and Release

3 Answers   Tech Mahindra,

---

What are the different ways of adding assets in FA?

3 Answers   Oracle,

---

Use of automatic offset method?

2 Answers   TCS,

---

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,

---

How many reporting Set of Books can be attached to one primary Set of Books

8 Answers   HCL,

---

How do you adjust receivables?

0 Answers   IBM,

---

1)I created a business group BG and assigned profile classes to that and my question is a)In purchasing financial options under human resource tab unable to see my BG but VISION CORPORATION is coming. b)at ledger level operating units page whenevr adding my OUs vision corporations are showing instead of my BG. 3)Tell me after create my BG assign profile classe to my RESP then wht is the next step with BG

4 Answers   NTT Data,

---

What are the Setups required for payable invoice approval.

3 Answers  

---

What is the use of Cost center

5 Answers   Ernst Young,

---

What is elimination?

2 Answers   Ernst Young,

---