Exam MB-310 topic 1 question 110 discussion

Actual exam question from Microsoft's MB-310

Question #: 110
Topic #: 1

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

Vendor invoices require a five percent sales tax calculation. Per government rules, the client can recover only 60 percent of this five percent sales tax amount against certain commodities. The remaining 40 percent is non-recoverable.

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

Where should you configure the sales tax percentage?

A. Sales tax group
B. Ledger posting groups
C. Tax code
D. Item sales tax group

Show Suggested Answer

Suggested Answer: C 🗳️

by bernardas at March 28, 2023, 9:37 a.m.

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Milliongiz

9 months ago

To configure the sales tax percentage and manage the recoverable and non-recoverable portions of the tax in Dynamics 365 Finance, you should configure this in the Tax code. The tax code setup allows you to define the sales tax percentage and specify the recoverable percentage. So, the correct answer is: C. Tax code

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Suvadipg55

1 year, 1 month ago

Selected Answer: C

Tax codes in Dynamics 365 Finance typically include the percentage information and help determine how much of the sales tax should be posted to various accounts. In this case, you would configure the sales tax percentage within the tax code to meet the specific requirement of the client, where 60 percent is recoverable and 40 percent is non-recoverable against certain commodities.

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