What is WHT in Financial Module and What would be tbe acc
entry for the same?
- 3 Answers
- 11201 Views
- Oracle, I also Faced
- E-Mail Answers
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 |
I am currently working in reputed Org as a Oracle apps end user (AR). Learned R12 functional course, but no real time exp as in support or implementation project.Please guide. thank you.
Why are expenses items typically accrued at period end, and why are inventory items always accrued on receipt?
What is the difference between Recurring Journals and Recurring Invoices? What is the need for the Recurring Journals in GL when Recurring invoices exist in AP?
What is Deposit? A customer deposit Rs.15,000/ and he ordered the goods of Rs.10,000/ against the deposit. Now he wants the remaining cash back. how do you do in receivables?
How to transfer funds between your internal banks?
What is the use and benefit of Multi-Org.
Do you receive deposits and/or prepayments?
8. what is AIM document
What is the difference between the credit memo and Debit memo?
Where can I put the command to get the details of the tables, although I know the name of different tables
We have raised the requisition and PO, and also raised the Invoice and made the payment but did not match with PO. What we need to do with that pending PO ?
While doing implementation,Client wants two use 2 Accounting methods for both Sandard Accrual method and Sandard Cash Method.So how we need to map or how need to provide solution.
Oracle Apps Technical 
