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Oracle AR Interview Questions

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I know 6 of them in total
1) Charge back
2) Credit memo
3) Debit memo
4) Invoice
5) Guarantee
6) Deposit

Valuesets are collection of set of Values.
There are six types of value sets available in Oracle Apps.
1) Dependent.
2) Independent.
3) Special.
4) None.
5) Table.
6) Pair.

Transaction Flexfield actually identifies the the uniqueness among the Multiple lines of a single Invoice.

Accointing for invoice in advance
a) Receivable A/c .....................Dr
To Unearned revenue a/c
(when we raise the invoice with invoicing rule as advance

b) Unearned Revenue A/c .............. Dr
To Revenue A/c

(when we receive the payment, the number of journal entry (b) is depend upon the accounting rules which can be fixed or variable
Accounting for invoice in arrear
a) Unbilled receivable a/c ....................Dr
To Revenue a/c
(when we receive the payment of unbilled invoice, the number of journal entry (a) is depend upon the accounting rules which can be fixed or variable

b) Receivable a/c .........................Dr.
To Unbilled receivable a/c
(when we raise the invoice, with invoicing rule arrear)

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