What is Proxima Payment Terms?

Question Posted / nagesh

2 Answers
9043 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

What is Proxima Payment Terms?..

Answer / shravan kumar

A proxima payment term has Cut Off day, Day of Month and
Months ahead.
Ex: Cut off day=15, Day of month=20 and Months a head=1

When a transaction is raised on 10-Jun-2007. The
transaction date is before the cutoff day. So this
transaction will be considered for the current billing
cycle and the due date of the transaction will be taken at
20-jun-2007 since months ahead is 1.

Is This Answer Correct ?

4 Yes

2 No

What is Proxima Payment Terms?..

Answer / suresh

cut off day and month and monts heads

Is This Answer Correct ?

1 Yes

3 No

Post New Answer

More Oracle Apps Financial Interview Questions

accrual journal entries

1 Answers IBM,

what is multi org setup in R12?

1 Answers

Tell me cash management mandatory setups

2 Answers Genpact, IBM,

What are the sources of invoice?

1 Answers Cap Gemini,

What is the use of requition template?

3 Answers

Advance paid to Employee 1000$. Employee incurred expenses of 800$ and he returned 200$. How can you perform these steps in AP?

7 Answers ASD Lab, Shriram, Sierra Atlantica, TCS, Technosoft,

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.

0 Answers Student, TCS,

What are the different ways for automatic closure of a Manually Created Purchase Order if the item selected for the Purchase Order is an Outside Processing Item and the Purchase Order is linked to a Work Order?

1 Answers Apps Associates,

What is a Payable Document?

6 Answers HCL, IBM, Oracle, TCS,

What is the major differance between Multi-Org setup in 11i and R12 instance

3 Answers Hexaware,

Can somebody provide me the GL and AP implementaton guide

1 Answers AppTek, Genesis,

how do u explain depreciation adjustment, deferred depreciation expense, deferred depreciation reserve

1 Answers KPMG,

For more Oracle Apps Financial Interview Questions Click Here