Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...


What is WHT in Financial Module and What would be tbe acc
entry for the same?

Answers were Sorted based on User's Feedback



What is WHT in Financial Module and What would be tbe acc entry for the same?..

Answer / moses

WHT is withholding tax in oracle terms.
WHT is used to deduct and withhold a part of the amount
from the supplier's invoice on behalf of particular tax
authority for the purpose of remitting to them (tax
authority) later.

Is This Answer Correct ?    10 Yes 0 No

What is WHT in Financial Module and What would be tbe acc entry for the same?..

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

What is WHT in Financial Module and What would be tbe acc entry for the same?..

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

Post New Answer



More Oracle Apps Financial Interview Questions

what is invoice variance in ap

1 Answers   iGate, TCS,


How many reporting Set of Books can be attached to one primary Set of Books

8 Answers   HCL,


It is mandatory to difine Approval Suppliers ?

3 Answers   FIC,


How to cancel an invoice in payment batch

1 Answers   LKL,


What do you know about FA to GL cycle?

3 Answers   Deloitte, Symantec,






What is an ERS

3 Answers   IBM,


Explain Customization process?

0 Answers   IBM,


what is the receipt class and receipt source in AR?

4 Answers   Orange, TCS,


what is soft close and hot close periods in assets?

1 Answers  


whichever documents prepaired by the FUNCTIONAL CONSULTANT while implementing project by using AIM.

2 Answers  


How to Raise an invoice other than functional currency in AR

2 Answers   Xansa,


Can journals imported from sub-ledger, if unposted, be modified?

3 Answers  






Categories
  • Oracle Apps Technical Interview Questions Oracle Apps Technical (547)
  • Oracle Apps Financial Interview Questions Oracle Apps Financial (791)
  • 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)