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Interview Questions - Oracle AR (Functional)
Accounts Receivables Interview Questions AND aSWERS

Continued from http://www.infopurple.com/interview-questions-oracle-ar-functional-accounts-receivables-01

11.What are the Quick-codes in Oracle Receivables? Describe?
Freight Carriers, Demand Class, Customer Category, Customer Class

12.How will you send the Information about Invoices? Describe the Frequency?
Through Statement Cycles, The Interval between dates like Weekly, Monthly, Quarterly

13.What is used to notify customers of past due items?
Dunning Letters

14.What is Default Auto Cash Rule Sets Available?
Clear the Invoice Amount, Past due Invoices, Oldest Invoice First, On Account, Group with the payment terms

15.If you want check the Credit of a Customers How many Forms it should enable, what are those?
three Forms should be Enabled;
1:Order Type
2:Payment Terms
3:Customer Screen

16.What is the Maximum Credit Limit Per Order?
Total Credit Limit

17.If one Customer have two Profile Amounts? If yes describe?
Yes, with 2 Different Currencies Like INR & USD

18.How many ways you can create a Customer?
Standard, Quick

19.What does stands for SIC?
Standard Industry Code

20.What does stands for GSA?
General Sales Administration
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21 BRS - Bank Reconciliation Statement
A bank reconciliation statement is a statement prepared by organizations to reconcile the balance of cash at bank in a company’s own records with the bank statement on a particular date.
The differences may arise because of the following reasons:
1. Cheques deposited into bank but not yet collected by bank
2. Cheques issued by the organization but not yet presented for payment
3. Cheques directly deposited by customers into the bank
4. Bank charges debited by bank
5. Interest credited or some receipts directly collected by bank based on org. request.
6. Some payments directly made by bank based on the organizations request.
So, the statement shows the reasons as what are the reasons for difference in balance.

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