Oracle Accounts Receivable (AR) Question:
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What is MRC and what is its use?

Answer:

Multiple Reporting Currencies is a unique set of features embedded in Oracle Apps that allows you to maintain and report accounting records at the transaction level in more than one functional currency.

mrc means multiple reporting currency,maximam 8 reporting curriences in possible in oracle apps,generely everyone having one fuctional currency, if u want convert the report into diffent currencies that only possible for eight currencies.

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How is the balance of an invoice derived?Describe the main tables involved in AR, and what is the data stored in them?