What is WHT in Financial Module and What would be tbe acc
entry for the same?
Answers were Sorted based on User's Feedback
Answer / swathi
WHT is withholding tax in oracle terms.
You hold the tax part while you enter your invoice and pay
it to the tax authority. U r tax authority should be
defined as your supplier.
This may happen when u have to pay purchase tax to the tax
authority, and wanted to withhold it.
withholding tax a/c dr
payables a/c cr
|Is This Answer Correct ?||6 Yes||4 No|
Answer / rathore
WHT (WithHoldingTax)is used to deduct @ of particular % over
foreign loan under scheme like Buyers Credit Financing. at
the time of availing loan.
|Is This Answer Correct ?||0 Yes||0 No|
what is invoice variance in ap
How many reporting Set of Books can be attached to one primary Set of Books
It is mandatory to difine Approval Suppliers ?
How to cancel an invoice in payment batch
What do you know about FA to GL cycle?
What is an ERS
Explain Customization process?
what is the receipt class and receipt source in AR?
what is soft close and hot close periods in assets?
whichever documents prepaired by the FUNCTIONAL CONSULTANT while implementing project by using AIM.
How to Raise an invoice other than functional currency in AR
Can journals imported from sub-ledger, if unposted, be modified?