Oracle General Ledger (GL) Question: Download Questions PDF
Explain types of invoices are there in AP and AR?
Answers:
Answer #1Types of invoices:
Invoice
Credit Memo
Debit Memo
Gaurantee
Charge Back
Deposite
Invoice
Credit Memo
Debit Memo
Gaurantee
Charge Back
Deposite
Answer #2For AP - Invoice, Debit/Credit memo, Pre payment, Expense Report, Freight, Retainage, With holding tax.
Answer #3There is no such types mentioned.here please refer to oracle site before publishing.
Well below is correct answer:
Invoice Types
Standard
An invoice from a supplier representing an amount due for goods or services purchased. Standard invoices can be either matched to a purchase order or not matched.
Credit Memo
A memo from a supplier representing a credit amount toward goods or services.
Debit Memo
An invoice you enter to record a credit for a supplier who does not send you a credit memo.
Mixed
An invoice type you enter for matching to both purchase orders and invoices. You can enter either a positive or a negative amount for a Mixed invoice type.
Prepayment
A type of invoice you enter to pay an advance payment for expenses to a supplier or employee.
Expense Report
An invoice representing an amount due to an employee for business-related expenses.
Withholding Tax
An invoice you enter to remit taxes withheld to the appropriate tax authority.
Interest
If you allow interest invoices, payables will automatically calculate interest for overdue invoices and create interest invoices for selected suppliers.
Retainage Release
Invoices created for complex work and advance contract financing.
Transportation Invoices
Invoices from freight payment
Well below is correct answer:
Invoice Types
Standard
An invoice from a supplier representing an amount due for goods or services purchased. Standard invoices can be either matched to a purchase order or not matched.
Credit Memo
A memo from a supplier representing a credit amount toward goods or services.
Debit Memo
An invoice you enter to record a credit for a supplier who does not send you a credit memo.
Mixed
An invoice type you enter for matching to both purchase orders and invoices. You can enter either a positive or a negative amount for a Mixed invoice type.
Prepayment
A type of invoice you enter to pay an advance payment for expenses to a supplier or employee.
Expense Report
An invoice representing an amount due to an employee for business-related expenses.
Withholding Tax
An invoice you enter to remit taxes withheld to the appropriate tax authority.
Interest
If you allow interest invoices, payables will automatically calculate interest for overdue invoices and create interest invoices for selected suppliers.
Retainage Release
Invoices created for complex work and advance contract financing.
Transportation Invoices
Invoices from freight payment
Answer #4ORACLE AP (ACCOUNT PAYABLE)Types of invoices:
1. Standard invoices.
2. Debit Memo.
3. Credit Memo.
4. Prepayment.
5. Expense Report.
6. Interest Report.
7. Recurring Invoice.
8. PO Match.
9. Mixed Invoice.
10. Transportation Invoice.
11. Retaining Release
12. Withholding Tax invoice
13. Payment request.
ORACLE RECEIVABLE INVOICE TRANSACTION TYPES:
- Invoice
- Bill receivable
- ChargeBack
- Deposit
- Guarantee
- Debit Memo
- Credit Memo
1. Standard invoices.
2. Debit Memo.
3. Credit Memo.
4. Prepayment.
5. Expense Report.
6. Interest Report.
7. Recurring Invoice.
8. PO Match.
9. Mixed Invoice.
10. Transportation Invoice.
11. Retaining Release
12. Withholding Tax invoice
13. Payment request.
ORACLE RECEIVABLE INVOICE TRANSACTION TYPES:
- Invoice
- Bill receivable
- ChargeBack
- Deposit
- Guarantee
- Debit Memo
- Credit Memo
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