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MB7-701 · Question #69

MB7-701 Question #69: Real Exam Question with Answer & Explanation

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Question

A company requires value added tax (VAT) for prepayments, and this is due when the invoice is paid. Which setup options should you use?

Options

  • AUnrealized VAT Type in the VAT Posting Setup window set to Last (Fully Paid) and
  • BUnrealized VAT in the General Ledger Setup window and the Reverse Charge VAT
  • CUnrealized VAT Type in the VAT Posting Setup window set to Last and Prepayment
  • DUnrealized VAT and Prepayment Unrealized VAT in the General Ledger Setup window

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