Interested to Buy Any Domain ? << Click Here >> for more details...
What is on-account receipt account , un-applied receipt
Account, and un-identified receipt account in ar ?
- 4 Answers
- 43150 Views
- IBM, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / arunkumar
Unidentified:
you receive a cheque, you dont know who(Customer) sent it.
So you dont give credit to any one.
Unapplied:
you receive a cheque, you know who(Customer) sent it, but
you dont set it off against the invoices.
You just give credit.
On-Account:
you receive a cheque, you know who(Customer) sent it, but
you park it in on-account so you cannot set it off against
the invoices.
Still giving him credit.
| Is This Answer Correct ? | 31 Yes | 6 No |
Answer / aru
On A/C is -Where the amount recived is more than the
invocie amount and the excess is lying with business.
Un applied is- where the cash is not applied to a related
invoice yet.
Un identidied is - where the money is received but the
Invoice to which its related is not yet identified.
| Is This Answer Correct ? | 31 Yes | 14 No |
Answer / vinodh vijayaraghavan
ON-ACCOUNT RECEIPT ACCOUNT - Receipts on account is nothing
but the cash or any payments received by a company that is
kept under an account called "suspense account". Its because
the company is yet to identify the reasons for which it has
received the cash after which it will be applied accordingly.
UN-APPLIED RECEIPT ACCOUNT - The company would have
identified the reasons for the payments they received but
would have not applied the funds or posted them. In simpler
terms, application of funds would have not taken place
despite knowing the reasons as to why they were received.
UN-IDENTIFIED RECEIPT ACCOUNT - Its an income or receipt
that remains to be identified. Now here identified means to
ascertain the reasons for the receipt and also to ensure
that it is something should be owed by someone to us. If
sent mistakenly, we will have to refund it back to the customer.
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / tapan
Unidentified Receipt:
A standard receipt entered without customer information.
Unapplied Receipt:
A standard receipt with customer info but not applied to any customer invoices.
Un-account Receipt:
A standard receipt with customer info. But part of the amount or total amount, you would not want to be applied to any invoices. Hence you would keep it on customer account so that once the appropriate invoice is identified, the receipt can be applied.
| Is This Answer Correct ? | 4 Yes | 0 No |
What are the difference between Deposit and Guarantee in AR
How would you transfer funds from one bank to another bank in oralce apps? And in which module you can do this?
What is the meaning of Deprecation
What is the use of operating unit, while configure multiorg?
Accounting methods?
What do you mean by controlling buyers workload?
Hi, Friends i am Commerce Graduate (B.Com). I have completed my graduation in the year 2006. I have 3+ years of experience in Accouns. When i was in B.com 2nd year, since then i have been working as an Accountant. Apart from that i learnt Oracle Applications Finance from a Certified Partner of Oracle, but the thing is i dont have Oracle real time experince, and i want experience in oracle as Functional Consultant. Can i get job in oracle or i have to Procced in Accounts/Finance Field . Please advice me
What is a Value set and types of value set?
Can Adjustments be imported?
what is invoice variance in ap
Hi How to transfer the funds one bank to another bank. Ex: i am using bank called citi bank and i want make the paymeny immediately and my bank balance is 0.So i have another bank account called HDFC and now i wnt to transfer funds HDFC to CITI bank.is this possible in oracle applications? or when i defined MO i need to implement bank funds transfer moudle.Plz clarify my doubt?.
What is 2 way , 3 way and 4 way matching?
12 Answers Chartered Accountant, HCL, IBM, MNC, Shell, TCS,
Oracle Apps Technical 
