MB-310 · Question #201
A company uses Dynamics 365 Finance. The company is based in the United States and sells a product online. The product is shipped to the United States, Canada, and Mexico. The product is sourced…
The correct answer is B. ledger posting group E. tax code for each legal entity. B: Set up ledger posting groups for sales tax. Required. Ledger posting groups define the main accounts for recording and paying sales taxes. E: Set up sales tax codes. Required. Sales tax codes contain the tax rates and calculation rules for each sales tax. Sales tax codes are…
Question
Options
- Asingle sales tax code for Brazil
- Bledger posting group
- Csingle sales tax code for the United States
- Dtaxation rule
- Etax code for each legal entity
How the community answered
(49 responses)- A6% (3)
- B82% (40)
- C10% (5)
- D2% (1)
Explanation
B: Set up ledger posting groups for sales tax. Required. Ledger posting groups define the main accounts for recording and paying sales taxes. E: Set up sales tax codes. Required. Sales tax codes contain the tax rates and calculation rules for each sales tax. Sales tax codes are related to a sales tax settlement period and a ledger https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/indirect-taxes-overview
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