Microsoft
MB-310 · Question #277
MB-310 Question #277: Real Exam Question with Answer & Explanation
The correct answer is C. Create a sales tax ledger posting group for each state. Associate a settlement account to a main. See the full explanation below for the reasoning.
Question
A United States-based company uses Dynamics 365 Finance to collect and report sales tax. The company has a main account for each state where they collect and report sales tax. The system must transfer the tax liability for each state to their respective main account automatically every month when they run the settle and post sales tax process. You need to configure Dynamics 365 Finance. What should you do?
Options
- ACreate a sales tax settlement period for each state.
- BSelect a vendor account during the sales tax group setup.
- CCreate a sales tax ledger posting group for each state. Associate a settlement account to a main
- DCreate a sales tax authority for each state and associate the authority with the respective main
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