Microsoft
MB7-701 · Question #67
MB7-701 Question #67: Real Exam Question with Answer & Explanation
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Question
Which statement about the value added tax (VAT) calculation type reverse charge VAT is true?
Options
- AThis option creates two G/L entries with the VAT amount that balance to 0 and two VAT
- BThis option is used only by Purchases & Payables transactions and creates two VAT entries
- CThis option creates two G/L entries with the VAT amount that balance to 0 and one VAT entry.
- DThis option is used only by Sales & Receivables and creates two VAT entries with the VAT
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