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.

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

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.

What is the difference between data converson and data migration

3 Answers   ABC, TCS,

---

What are the different ways of adding assets in FA?

3 Answers   Oracle,

---

what is asset creation accounting entry?

3 Answers  

---

Can multiple Sales Orders be invoiced under one Invoice?

2 Answers  

---

What's the difference between the "Payables Open Interface Import" Program and the "Payables Invoice Import" program?

2 Answers   AP, HCL, IBM, JK Technosoft, TCS,

---

---

In Multi Org can you tell what is SHORT ENTITY ?

3 Answers   UST,

---

Can somebody provide me the GL and AP implementaton guide

1 Answers   AppTek, Genesis,

---

Can any tell me about R2R FINANCIAL PROCESS?

5 Answers   Accenture,

---

Re: How to see the structure of organization?ie which LE connected to which ledger and which OU connected to which LE?

2 Answers  

---

why we use segment and flex field qualifier what is the difference between flexfield and segment qualifiers

1 Answers   Cap Gemini,

---

How can FSG be generated to provide dynamic report i.e. current month, previous month and 2 months before balances for a given period?

1 Answers  

---

you have received excess money from the customer. now you want to refund the excess money. what is the set up for that?

4 Answers   Conacent,

---