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Which statement is true about Invoicing Rules and Accounting Rules?

  1. A.If a transaction has an Invoicing Rule, an Accounting Rule is optional.

  2. B.If a transaction has an Invoicing Rule, an Accounting Rule is not allowed.

  3. C.If a transaction has an Invoicing Rule, an Accounting Rule is also required.

  4. D.Invoicing Rules and Accounting Rules have no effect until invoices are paid.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Invoicing rules determine when you bill your customer, while accounting rules determine when you recognize revenue. In Oracle Receivables, if you assign an invoicing rule to a transaction, you must also assign an accounting rule to define the revenue recognition schedule.

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