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C_TS4FI_2021 · Question #4

The country that your company code operates in has defined a new VAT tax rate percentage of 15%, which will become effective at the star of the next fiscal year. You create the new VAT codes 05 and…

The correct answer is D. Create a validation that issues an error when the user uses a deprecated VAT code when entering. See the full explanation below for the reasoning.

Question

The country that your company code operates in has defined a new VAT tax rate percentage of 15%, which will become effective at the star of the next fiscal year. You create the new VAT codes 05 and 15 to cover this requirement. How can you ensure that users use the new tax codes when entering tax relevant documents starting next year?

Options

  • AEnter the new tax codes as default for users who have authorization to post general ledger
  • BEnter the appropriate new VAT code in the tax category field of the relevant expense and revenue
  • CCreate a substitution that changes the deprecated VAT code when relevant new one when
  • DCreate a validation that issues an error when the user uses a deprecated VAT code when entering

How the community answered

(24 responses)
  • A
    4% (1)
  • B
    4% (1)
  • C
    21% (5)
  • D
    71% (17)

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Full C_TS4FI_2021 Practice