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Microsoft Exam MB-310 Topic 5 Question 105 Discussion

Actual exam question for Microsoft's MB-310 exam
Question #: 105
Topic #: 5
[All MB-310 Questions]

You are configuring taxes in Dynamics 365 Finance for a client.

You need to configure the sales taxes to post to the expense account.

Where should you configure the sales tax percentage?

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Suggested Answer: D

by Ettie at Sep 13, 2024, 05:43 PM

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Maryln
21 days ago
C) Tax code, easy peasy. Unless it's in the 'Super Secret Tax Settings' section, then I'm completely lost.
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Jodi
5 days ago
A) Ledger posting groups
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Marlon
7 days ago
B) Sales tax group
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Blondell
10 days ago
A) Ledger posting groups
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Merlyn
1 months ago
A) Ledger posting groups, of course! That's where all the fun accounting magic happens. Wait, what do you mean 'sales taxes'? I thought we were talking about ledgers!
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Alesia
1 months ago
Actually, I think it should be configured in the Ledger posting groups for proper accounting.
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Lai
1 months ago
D) Item sales tax group, because everything in Dynamics 365 is about the items, right? Don't they know we're dealing with taxes here, not inventory?
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Justine
9 days ago
D) Item sales tax group, because that's where you assign tax codes to specific items.
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Jeff
17 days ago
C) Tax code, because that's where you link the tax rates to specific transactions.
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Starr
19 days ago
C) Tax code is used to determine the tax rate and tax calculation method.
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Frederica
20 days ago
B) Sales tax group, because that's where you define the tax rates and codes.
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Maryln
23 days ago
A) Ledger posting groups, because that's where you set up the accounts for posting taxes.
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Edwin
25 days ago
B) Sales tax group is where you define the sales tax percentage and link it to ledger accounts.
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Aja
28 days ago
A) Ledger posting groups are used for posting transactions to the general ledger accounts.
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Samuel
1 months ago
I believe it should be configured in the Tax code.
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Alesia
2 months ago
I think the sales tax percentage should be configured in the Sales tax group.
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Ilona
2 months ago
B) Sales tax group, that's where I usually set up the tax rates. But hey, who knows, maybe they've hidden it in some obscure corner of the system.
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Leatha
26 days ago
D) Item sales tax group
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Matilda
27 days ago
C) Tax code
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Linn
30 days ago
B) Sales tax group
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Reiko
1 months ago
A) Ledger posting groups
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Stacey
2 months ago
C) Tax code? Seems logical, that's where I'd expect to configure the sales tax percentage.
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Krystina
1 months ago
Exactly, the tax code is where you set the sales tax percentage for posting to the expense account.
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Matthew
1 months ago
Yes, you are correct. The sales tax percentage is configured in the tax code.
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Polly
1 months ago
D) Item sales tax group
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James
1 months ago
C) Tax code
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Ahmed
1 months ago
B) Sales tax group
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Tatum
1 months ago
A) Ledger posting groups
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