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Question
What is the purpose of 0 (zero)tax code?
 Question Submitted By :: Psmarathe
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is the purpose of 0 (zero)tax code?
Answer
# 1
we will give zero % tax codes at the time of creating asset 
accounting.coz there will be no taxes for assets.
t.c: "ftxp" & obcl
 
Is This Answer Correct ?    2 Yes 2 No
Sandy
 
  Re: What is the purpose of 0 (zero)tax code?
Answer
# 2
We will give zero tax code when we the particular item is 
tax exmpted.
 
Is This Answer Correct ?    2 Yes 0 No
Anand Raihcura
 
 
 
  Re: What is the purpose of 0 (zero)tax code?
Answer
# 3
0 tax code used for tax exempted account
 
Is This Answer Correct ?    0 Yes 0 No
Venkat
 

 
 
 
Other FI CO Interview Questions
 
  Question Asked @ Answers
 
what are the components of enterprise structure/ TCS5
Explain the terms segment and cycle?  1
List the Basic 24 Steps for FI configuration. Deloitte7
what are kinds of projects? IBM4
What is GR/IR account? Why do you maintain that? Explain the importance of GR/IR clearing account. Orica6
how many profit centers can be assigned in a cost center? Accenture7
Where do u give a link between operating and country chart of accounts? Seal-Infotech2
IN GL, AR & AP WHICH FIELDS WE WILL BE CONTROLED AT THE TIME OF DOCUMENT POSTING BY USING FELD STATUS GROUP ? Genpact3
Hi, Let me know what is the config. required for customer's interest calculation kindly explain briefly.  1
why g/l tolerance group z used?  2
In fico interview what areas are covered?  1
hi can any one tell me as to what are the posting keys for the SALES INVOICE weather it is 01(Dr) and 50(Cr). And various other Posting keys similarly various others like this.  2
How will you configure VAT in SAP  1
can you explainn asap methodology ?why it is use?  4
What si the difference between Field status Varient and Field status Group Intel4
How do you reverse cleared documents?  6
What is the Process for Credit Momo and Debit Memo in DETAIL? PLZ PLZ PLZ PLZ  1
some tickets?Issues  1
How do you need to have integration with SD and MM modules?  3
What is the difference between Activity Type and Statistical Key figure because both are tracing factors. Do we need to configure both in controlling area?  2
 
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