Exam MB-310 topic 1 question 20 discussion

Actual exam question from Microsoft's MB-310

Question #: 20
Topic #: 1

DRAG DROP -
A retail company has outlets in multiple locations. Taxes vary depending on the location.
You need to configure the various components of the tax framework.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.
Select and Place:

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Suggested Answer:

References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/indirect-taxes-overview

by DDV at Nov. 24, 2020, 1:51 p.m.

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saadnadir

Highly Voted 3 years, 6 months ago

Based on https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/indirect-taxes-overview - Setup main accounts and ledger posting groups for tax - Setup sales tax authorities and sales tax settlement periods - Setup Sales tax codes - Setup tax groups and item sales tax groups - Setup sales parameters on the application parameter pages

upvoted 9 times

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angie97

Most Recent 1 year ago

There are multiple correct answers. What kind of questions are these?

upvoted 1 times

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BenLearn

2 years, 6 months ago

The sequence for the tax setup: a. Create main accounts (Required). b. Set up ledger posting groups for sales tax (Required). c. Set up sales tax authorities (Required). d. Set up sales tax settlement periods (Required). e. Set up sales tax reporting codes (Optional). f. Set up sales tax codes (Required). g. Set up sales tax groups (Required). h. Set up item sales tax groups (Required). i. Set up sales tax parameters on the application parameter pages (Required). The correct order is: 1 (a+b) 4 (c+d) 5 (f) 3 (g+h) 2 (i)

upvoted 3 times

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