Check your knowledge

Answer the following questions to see what you've learned.

Which one of the following options is not assigned a VAT product posting group?

Resource

Item Charge

Fixed asset

Item

Which one of the following statements is true about the VAT calculation type Full VAT?

With Full VAT, the amount is posted as a VAT base.

With Full VAT, the amount is posted as a VAT amount.

Full VAT can only be used in purchase and sales documents.

Full VAT cannot be used in purchase and sales documents.

You must answer all questions before checking your work.