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Accounts Receivables Interview Questions

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Credit memo not carrying service tax AR module

Asked By: ashokgasti | Asked On: Aug 3rd, 2011

While creating the credit memo services tax should be deduct , but one of the cm not deducted services tax for same customer but rest of other customer cm deducted the services tax . Please tell me salutations issues is Oracle financial

A/r account

Asked By: melissa neugebauer | Asked On: Jul 26th, 2011

What is an a/r account that will never be paid considered to be?

Answered by: rashmi on: Jul 29th, 2011

considered as bad debt and should be written off after the set time

Accounting entries

Asked By: Hafeez Abdul | Asked On: Jun 22nd, 2011

If a company 'a' transfers $1000 to company 'b'. Illustrate the accounting entries.

Answered by: Rohit Sharma on: Jul 27th, 2011

In the books of company A
Company B A/c .........Dr 1000
To Cash/ Bank A/c 1000

In the books of company B
Cash / Bank A/c ......Dr 1000
To Company A A/c 1000

Answered by: HARI on: Jul 19th, 2011

in the books of A

B A/c. Dr.
to Cash A/c.

In the books of B

Cash A/c. Dr.
to A A/c.

How is a journal entry recorded?

Asked By: janelyn | Asked On: Mar 30th, 2007

Answered by: Praseedha.vs on: Nov 13th, 2008

Journal Entries are recorded on a double entry system, ie debit and credit concept. In order to record a journal entry, the following steps need to be followed.Enter the Journal entry numberEnter the ...

Answered by: ch.v.rama krishna rao, chirala on: Nov 8th, 2007

A journal entry is recorded accourding to the rules of debit and credit.for example goods sold for Rs 50000 for cash ----to record this -- identify the accounts involved-- i.e.goods A/cand Cash A...

What is accounts receivables?

Asked By: norman | Asked On: Mar 30th, 2007

Answered by: anilkumar1425 on: May 6th, 2009

Accounts receivable is the last stage of the customer order cycle. It involves: Invoicing the customer, Performing collection activities, Receiving payments against customer invoices.

Answered by: Dhanasekaran R K on: Dec 10th, 2008

Receivables means those who owes money to the organisation

What is the advantage of maintaining accounts receivable?

Asked By: janelyn | Asked On: Mar 30th, 2007

Answered by: aparnaramkumar on: May 6th, 2011

A company can monitor the payments which are yet to receive from the clients. It helps to show the correct financial position of the company. 

Dunning letter specific invoice in AR

Asked By: rajusrnk | Asked On: Apr 12th, 2011

When I was running 'dunning letter print specific invoice' report it is giving empty output for specific invoice numbers..

Delinquent a/r account

Asked By: raider_redux | Asked On: Jun 17th, 2009

How much time needs to pass for an a/r account to be considered delinquent?

Answered by: kumardurgam on: Sep 2nd, 2010

After 90 days of the due date.

Answered by: gyan_nandu7710 on: Jul 13th, 2009

It depends upon the net terms of the account

Collections experience

Asked By: Interview Candidate | Asked On: Jul 30th, 2005

To what extent were you involved in collections?

Answered by: nkamuni_mca on: Mar 9th, 2010

Collection involves calling the customers for past due and this kind of question has to logically answered

How debtors play its role in accounts receivable?

Asked By: christia | Asked On: Mar 31st, 2007

Answered by: lumin.85 on: Mar 2nd, 2010

Debtors are a major source for working capital requirements whereby the company treat the amount due from debtors as accounts receivable.

Answered by: narayanank on: May 16th, 2008

Debtors are the main role of the business. he is the entire back bone of the business. The goodwill of the concern is in the hands of debtors because he is the person who takes our product or rawmater...

What is evaluated receipt settlement?

Asked By: promod4one | Asked On: Dec 14th, 2009

Answered by: salvismita on: Jan 10th, 2010

ERS is a business process between trading partners that conduct commerce without invoices. In an ERS transaction, the supplier ships goods based upon an Advance Shipping Notice (ASN), and the purchase...

Flow of account receivables

Asked By: kreddy.vonteddu | Asked On: Jan 9th, 2009

What is total flow of account receivables?

Answered by: infantpragash on: Nov 4th, 2009

Receiving the order from the customer->Quoate Approval->Create the Sales Order->Delivering the goods as per the SO->Create the Invoices->Receive Payments from customer.

Answered by: ANITA PUJARY on: Jun 12th, 2009

Flow of Accounts receivable should be in proportion to Accounts payable i.e. in terms of ration 2:1

Who is responsible for maintaining the accounts receivable in an organization?

Asked By: nancyphilips | Asked On: Mar 31st, 2007

Answered by: nkamuni_mca on: Sep 21st, 2009

Accountants... in big organization there will be a department to maintain AR department.

Assets and capitalization

Asked By: rashid | Asked On: Mar 29th, 2006

1)which type of assets should be capitalized and when expense out?2)which type of assets expense out or when?

Answered by: anish11 on: Sep 8th, 2009

Asstes are things which is provide service for long dueration it may 3 years 4 years or for long period of time.
These items capitalise in our account books and charge depreciation in every year according to these rate it may 20%, 10%, 100%

What is reconciliation ?

Asked By: ahsan.nazia | Asked On: Jul 15th, 2008

Answered by: sindhusegaran on: Jul 29th, 2009

Reconciliations compares two set of accounts. It is usually the balance in two accounts to make sure that they are in agreement.

Answered by: angel987 on: Jul 21st, 2008

Suppose you have 2 types of balances A and B  reconcilaition is a process in which we compare if balances in A are equal to balances in B

Difference between finance and accounts

Asked By: kumar | Asked On: Feb 9th, 2006

What is the difference between finance and accounts?Most of the companies having a different section like finance and accounts. Why they aren't had only single section neither finance nor accounts?

Answered by: sindhusegaran on: Jul 29th, 2009

Finance management or allocation of cash to varoius deparments.
Accounts is the bookeeping record of each transation involved (they add value to each other).

Answered by: y_chndr on: Aug 19th, 2008

Finance: it is an economic activity. it involes managing the funds, how to raise the funds & its allocation in diffrent departments like production, marketing, hr etc

Accounting: it is an art of keeping the records of all transactions took place in the business acivity


By: Y.P.chadra  

Effective collection

Asked By: ashok | Asked On: Oct 17th, 2007

What is effective collection?

Answered by: karthik555 on: Jun 20th, 2009

Its depends on the credit period of the company i.e. A company credit period 30 days, 85% of the debtors collection should be recovered with in credit period. we can say the Effective collection. 

Dunning letter

Asked By: vinittople | Asked On: Jul 9th, 2008

I ran the program "dunning letter generate" and the log file says that the concurrent request ran successfully. However there was no output file created.I have that customer setup for "send dunning".What else needs to be done to be able to view the dunning letter?Thanks,vinit

Answered by: devender reddy on: Jun 1st, 2009

For every dunning letter there will be some time gap. for example we have 3 dunning letters dlettername days dun1 1 dun2 2 dun3 3 If we ran this request 3 times, fourth time if you run the rep...

Oracle Apps trading community architecture

Asked By: pushpa_vijaya1 | Asked On: May 2nd, 2009

How is trading community architecture in Oracle Apps related to accounts recievables?

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