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Which of the following posting groups can you update in the VAT rate change process?
VAT product posting group and general product posting group
VAT business posting group and VAT product posting group
VAT business posting group and general business posting group
VAT business posting group, general business posting group, VAT product posting group, and general product posting group
Which one of the following is true about prepayment invoices in relation to the VAT Rate Change Tool?
The system creates credit memos for the posted prepayment invoices and converts them to the new VAT rate.
Only nonposted prepayment invoices are converted by the VAT rate change tool.
Documents that have posted prepayment invoices won't be converted by the VAT rate change tool.
The system adds lines to the posted prepayment invoices with the difference between the old and new VAT rate.
Which of the following things occurs as the result of a VAT rate change test conversion?
The VAT Rate Change Test Conversion report
Nonposted journal lines with the old and new product posting groups.
There's no result. Only a message that states if the test conversion ran successfully.
VAT rate change log entries.
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