importance of tax category field in g/l master record?

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importance of tax category field in g/l master record?..

Answer / kala

to assign the tax code to particular account.

- only i/p tax allowed
+ only o/p tax allowed
* all tax types allowed
< i/p tax
> o/p tax

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importance of tax category field in g/l master record?..

Answer / reshma

This indicator controls what types of taxes can be posted
to with this account.
However, if you select the indicator "posting without tax
allowed" , both taxable & non-taxable postings are allowed
to this GL A/c

Regards,
Reshma

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1 No

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