Oracle Fusion AR Interview Question: Standard vs Miscellaneous Receipt

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Oracle Fusion AR – Standard Receipt vs Miscellaneous Receipt

Interview lo repeated ga adige important topic 🔥

STANDARD RECEIPT

Cash inflow from customer invoices (Receivables)

• ✔ Applies against customer invoices
• ✔ Impacts Accounts Receivable (AR)
• ✔ Customer is mandatory
• ✔ Used for trade receipts

Accounting Entry:

Dr. Cash / Bank

Cr. Accounts Receivable

  

Used For:

• Invoice payments
• Debit memo settlements
• Advance payments
• On-account receipts

MISCELLANEOUS RECEIPT

Cash inflow NOT related to customer invoice

• ✔ Direct amount allocation
• ✔ Does NOT impact AR balance
• ✔ Customer not mandatory
• ✔ Used for non-trade receipts

Accounting Entry:

Dr. Cash / Bank

Cr. Revenue / Clearing Account

  

Used For:

• Interest income
• Asset sale proceeds
• Expense recovery
• Other income

Key Interview Difference 🔥

Standard Receipt  → Invoice linked → AR impacted

Misc Receipt      → No invoice     → AR NOT impacted

  

TRENDORAS Interview Tip

👉 Payment invoice against ayithe STANDARD RECEIPT
👉 Invoice lekunda cash vachithe MISCELLANEOUS RECEIPT

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