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Oracle

1Z0-518 · Question #97

MT Services has several operating companies set up as balancing segment values In Its chart of accounts. There is only one sales tax rate that is applicable to its services. However, for accounting…

The correct answer is B. location sales tax C. AutoAccounting for tax F. tax exemptions for customers and customer sites. workshops-sample-37800

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Question

MT Services has several operating companies set up as balancing segment values In Its chart of accounts. There is only one sales tax rate that is applicable to its services. However, for accounting purposes, MT Services must track the sales tax by operating company. Except for some government agencies that are customers, sales tax is applicable to all customers. The controller wants to know the minimum setup steps that MT Services must perform. Choose the three minimum setups needed in Receivables and E-Business Tax to charge sales tax. (Choose three.)

Options

  • Atax groups
  • Blocation sales tax
  • CAutoAccounting for tax
  • Dtax classification codes
  • Eassigning tax code to transaction type
  • Ftax exemptions for customers and customer sites

How the community answered

(35 responses)
  • A
    3% (1)
  • B
    77% (27)
  • D
    6% (2)
  • E
    14% (5)

Explanation

workshops-sample-37800

Topics

#sales tax setup#E-Business Tax#AutoAccounting#tax exemptions

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