Microsoft
MB6-893 · Question #30
You are the accounts receivable manager at you company. The company receives an advance of 10,000 USD against a sales order from the customer. The tax authorities require the company to re-port the…
The correct answer is A. Report sales tax on prepayment against a prepayment voucher. See the full explanation below for the reasoning.
Question
You are the accounts receivable manager at you company. The company receives an advance of 10,000 USD against a sales order from the customer. The tax authorities require the company to re-port the sales tax on the advance amount, even though the sales have not been made. You need to ensure that this requirement is fulfilled. What should you do?
Options
- AReport sales tax on prepayment against a prepayment voucher.
- BReport sales tax exemption against a prepayment voucher.
- CReport withholding sales tax against a prepayment voucher.
- DReport conditional sales tax against a prepayment voucher.
How the community answered
(35 responses)- A83% (29)
- B3% (1)
- C11% (4)
- D3% (1)
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