Which two forms can be used to assign a default item sales tax group? Each correct answer presents a complete solution.

Question

Options

• AVendors
• BProducts
• CReleased products
• DCustomers
• EGeneral ledger parameters

• A
  6% (2)
• B
  18% (6)
• C
  74% (25)
• D
  3% (1)

Explanation

C: 1. Click Product information management > Common > Released products. 2. Double-click an item. 3. On the Purchase tab, select a value in the Item sales tax group field. This value is the default item sales tax group for the selected item when it is entered on a line on a purchase order. 4. On the Sell tab, select a value in the Item sales tax group field. This value is the default item sales tax group for the selected item when it is entered on a line on a sales order. E: Select a default item sales tax group for all main accounts 1. Click General ledger > Setup > General ledger parameters. 2. Click Sales tax. 3. In the Item sales tax group field, select the default item sales tax group. The item sales tax group that you select is entered automatically on journal lines when the lines are created. However, if you specify a different default item sales tax group for a specific main account, that setting overrides the default item sales tax group that is selected in the General ledger parameters form. The item sales tax group for the specific account is then displayed on the line. You can change the item sales tax group on each line, if you have to.

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