Multiple choice technology packaged enterprise solutions

Payment for a credit memo in AR is processed through ________

  1. A. Accounts Receivables

  2. B. Cash Management

  3. C. Accounts Payables

  4. D. Fixed Assets
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Credit memos in Oracle Accounts Receivable represent amounts owed to customers. When these are paid (refunded), the payment processing happens through Accounts Payable, which handles outgoing payments. Accounts Receivable manages incoming payments, Cash Management handles bank reconciliation and cash positioning, and Fixed Assets manages capital assets - none of these handle credit memo payments.

Keep practicing — related questions