Oracle
1Z0-516 · Question #441
Your client occasionally charges sales tax erroneously to some customers. The client's current process involves manually issuing a credit memo to correct the customer's account. Customers routinely…
The correct answer is B. Set up adjustment approval limits. E. Define receivables activity of adjustment with tax accounting distribution. See the full explanation below for the reasoning.
Question
Your client occasionally charges sales tax erroneously to some customers. The client's current process involves manually issuing a credit memo to correct the customer's account. Customers routinely deduct the sales tax from the invoice before paying. Identify two steps that can help simplify the clients current process. (Choose two.)
Options
- ASet up AutoAccounting.
- BSet up adjustment approval limits.
- CSet up transaction type for tax adjustment.
- DSelect the TAX: Allow Override of Tax Code profile option.
- EDefine receivables activity of adjustment with tax accounting distribution.
- FDefine receivables activity of miscellaneous cash with tax accounting distribution.
How the community answered
(20 responses)- A5% (1)
- B75% (15)
- C5% (1)
- F15% (3)
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