Interview Questions on Oracle Payables or Oracle AP

1. What are the types of Invoices , what is prepayment & steps to apply it to an Invoice ?

2. What are the Distribution Type while entering the Invoice?

3. What's the difference between the "Payables Open Interface Import"
Program and the "Payables Invoice Import" program?

4.What is Debit Memo & Credit Memo in Payables?

5. What is Proxima Payment Terms?

6. What will accrue in Payables?

7. What is Tolerance?

8. What is Aging Periods?

9. What is a Payable Document?

10. What are the tables associated with Invoice?

11. Which interface tables are used for Invoice Import , give the important columns?

12. What is 2 way , 3 way and 4 way matching?

13. How you will transfer payables to general ledger?

14. You created a set of book , where you will attach this SOB in AP?

15. What is use of AP Accounting Periods?

16. What is Interest Invoice and how it can be created?

17. What is a Hold? Explain the types of Hold

18. How many key flexfields are there in Payables?

19. Explain the set up used for Automatic or Manual Supplier Numbering.

20. Can you hold the partial payment if yes then how?
21. Can you cancel the invoice? If yes, explain.