Oracle
1Z0-516 · Question #302
E-Business Tax calculates the amount of tax that is recoverable on the basis of the tax setup. To implement accrual-based accounting recoverable tax, four setups are needed. (Choose four.)
The correct answer is B. Enable "Allow tax recovery." C. Set the default recovery settlement option to "Deferred." D. Define tax accounts, tax expense, recoverable tax, and interim tax. E. Enable the default recovery settlement options at the regime, tax, tax status, or tax rate levels. See the full explanation below for the reasoning.
Question
E-Business Tax calculates the amount of tax that is recoverable on the basis of the tax setup. To implement accrual-based accounting recoverable tax, four setups are needed. (Choose four.)
Options
- AEnable "Set as offset tax."
- BEnable "Allow tax recovery."
- CSet the default recovery settlement option to "Deferred."
- DDefine tax accounts, tax expense, recoverable tax, and interim tax.
- EEnable the default recovery settlement options at the regime, tax, tax status, or tax rate levels.
How the community answered
(30 responses)- A23% (7)
- B77% (23)
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