why we need to run "Payables accounting process" for
interest invoices? What are the accounting entries created?



why we need to run "Payables accounting process" for interest invoices? What are the acco..

Answer / giri222@gmail.com

To create accounting entries for interest invoices

Dr: Interest payable / interest expense account
Cr: Liability account

Is This Answer Correct ?    0 Yes 3 No

Post New Answer

More Oracle Apps Financial Interview Questions

Wht are GRN types??

1 Answers   Transasia Bio Medicals,


What are the profile option mandatory in payable implementation?

1 Answers   Deloitte,


Can we implement MRC at Payables?

4 Answers  


what is legacy system

5 Answers   AppLabs, Satyam,


How many types of hold? Tell me some hold and how can do solve the hold ?

1 Answers   Deloitte,


How many views are generated when compiling flexfield structure ?

1 Answers   Oracle,


can asset be retired in same month of creation?

3 Answers  


What is write off in payables? When do we use?

2 Answers   Genesis,


Hi All., Can Any one tell me how define the receivable options in AR. what are steps should be followed for creating a receipting workbench.

1 Answers  


Is it possible to change the accounting period during the financial year? For eg change it from 12 to 13 months ?

7 Answers   Oracle,


What is meant by RFQ?

4 Answers  


Is it necessary to enable the SECURITY RULE check box along with CROSS VALIDATION SEGMENT RULE in flex field structure while setting up the CROSS VALIDATION RULE. plz clarify my dt

3 Answers  


Categories
  • Oracle Apps Technical Interview Questions Oracle Apps Technical (547)
  • Oracle Apps Financial Interview Questions Oracle Apps Financial (793)
  • Oracle Apps Manufacturing Interview Questions Oracle Apps Manufacturing (53)
  • Oracle Apps HRMS Interview Questions Oracle Apps HRMS (169)
  • Oracle Apps CRM Interview Questions Oracle Apps CRM (9)
  • Oracle Apps SCM Interview Questions Oracle Apps SCM (141)
  • Oracle Install Base Interview Questions Oracle Install Base (62)
  • Oracle Service Contracts Interview Questions Oracle Service Contracts (101)
  • Oracle Apps AllOther Interview Questions Oracle Apps AllOther (114)