what is the tax levels in AP?



what is the tax levels in AP?..

Answer / kranthioracle

there are three levels.Header,Line,Tax code

if u give tax to be calculated at header level
----------------------------------------------
System will calulate tax based on INVOICE amount in INVOICE
window.

if u give tax to be calculated at line level
----------------------------------------------
System will calulate tax based on DISTRIBUTION amount in
DISTRIBUTION window .

there is no much difference between LINE& TAX CODE
--------------------------------------------------
ONLY DIFFERENCE IS calculate tax, and then round the tax
amount.


WHERE AS LINE LEVEL calculate tax for each distribution,
round the tax amount, then add the tax amounts.

Is This Answer Correct ?    3 Yes 0 No

Post New Answer

More Oracle Apps Financial Interview Questions

What is the Invoicing System in Oracle R12

0 Answers   DELL,


what is use of auto copy button in general ledger l recurring journal and where its effects in the real time process

2 Answers   IBM,


Can it be set that the GL date is the Sale Order date or Ship to Date?

1 Answers  


What is the basic setup of payable?

1 Answers   Deloitte,


how do u explain depreciation adjustment, deferred depreciation expense, deferred depreciation reserve

1 Answers   KPMG,






there is something called "pragma" ?what is it ?on which context it is used ?

1 Answers  


Steps for payment batch?

2 Answers  


What is the difference between 11I AND R12?

2 Answers  


What is the program to transfer data from AP to GL?

1 Answers  


how to do customization while doing oracle implementation. what is the role of functional consultant in customization?

0 Answers  


Client want to create capital goods assets in PO,Witout using Inventory and he wants to transfer to FA module.what is the steps and how to do.pls explain.

3 Answers   Oracle,


Can Adjustments be imported?

0 Answers  


Categories
  • Oracle Apps Technical Interview Questions Oracle Apps Technical (547)
  • Oracle Apps Financial Interview Questions Oracle Apps Financial (793)
  • Oracle Apps Manufacturing Interview Questions Oracle Apps Manufacturing (53)
  • Oracle Apps HRMS Interview Questions Oracle Apps HRMS (169)
  • Oracle Apps CRM Interview Questions Oracle Apps CRM (9)
  • Oracle Apps SCM Interview Questions Oracle Apps SCM (141)
  • Oracle Install Base Interview Questions Oracle Install Base (62)
  • Oracle Service Contracts Interview Questions Oracle Service Contracts (101)
  • Oracle Apps AllOther Interview Questions Oracle Apps AllOther (114)