Check your knowledge

Completed

Answer the following questions to see what you learned.

1.

Which of the following options can't be a tax authority?

Country

Region

Store

State

2.

Where do you specify the location in which the system should calculate and post sales tax to the main account?

Ledger posting groups

Sales tax payable

Sales tax codes

Item sales tax groups

3.

What is the role of ledger posting groups in the context of sales taxes in Finance?

Ledger posting groups control the automatic posting of sales taxes and determine which ledger accounts to update when the system calculates taxes and posts invoices.

Ledger posting groups control the manual posting of sales taxes.

Ledger posting groups are irrelevant to the calculation and posting of sales taxes.

You must answer all questions before checking your work.