Hello, Some of the very much interview oriented, one of mostly asked questions in Account Payables Modules. here they are
Questions: How many types of Invoices in Oracle Account Payables
4)Withholding tax invoice5)PO Default
Prepayment Invoice: Whenever we want make payments to the suppiler in advace that time,we create this prepayment invoice and we will make the payment.
Credit Memo,Debit Memo:Both invoices are got -ve amount,and adjusted against standard invoice.
Credit memo will be created, when ever suppiler giving discount.
Debit Memo will be created,if buyer is going to deduct the amount.
Question :How many key flexfields are there in Payables?
Answer: 0 (No key flexfields in PO,AP)
Question: Name few Account Payables Tables
Question: What is 2 way , 3 way and 4 way matching?
While creating the purchase order,we will mention the match approval level at shippments
we will have 3 types
1)two way: PO & Invoice quantities must match with in the tolerance before the corresponding invoice can be paid.
2)three way: PO, Receipt and invoice quantities must match with in the tolerance before the corresponding invoice can be paid.3)four way: PO, Receipt, Inspection and invoice quantities must match with in the tolerance before the corresponding invoice can be paid
What is a Hold? Explain the types of Hold
Invoice holds:If invoice is not approve then that invoice will be keeping under hold status.By selecting holds button in invoice form,we can see the hold details.
Select * from ap_hold_all
Which interface tables are used for Invoice Import , give the important columns?
Thanks – Shivmohan Purohit