You want the flexibility to void a debit memo or credit memo if there is no activity on the
transaction. What setup is needed on the Void transaction type definition to achieve this objective?
A.
Set the Open Receivables option to Yes and the Post to GL option to Yes.
B.
Set the Open Receivables option to No and the Post to GL option to Yes.
C.
Set the Open Receivables option to Yes and Post to GL Option to No.
D.
Set the Open Receivables option to No and the Post to GL option to No.
Explanation:
To be able to void a debit memo, credit memo, on-account credit or invoice, define a Void
transaction type with ‘Open Receivables’ and ‘Post to GL’ set to No. Then, as long as there is no
activity against the transaction and it has not been posted to your general ledger, you can make it
invalid by simply changing the transaction type to ‘Void’.
Oracle Receivables, Transaction Types