Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


what is the tax levels in AP?



what is the tax levels in AP?..

Answer / kranthioracle

there are three levels.Header,Line,Tax code

if u give tax to be calculated at header level
----------------------------------------------
System will calulate tax based on INVOICE amount in INVOICE
window.

if u give tax to be calculated at line level
----------------------------------------------
System will calulate tax based on DISTRIBUTION amount in
DISTRIBUTION window .

there is no much difference between LINE& TAX CODE
--------------------------------------------------
ONLY DIFFERENCE IS calculate tax, and then round the tax
amount.


WHERE AS LINE LEVEL calculate tax for each distribution,
round the tax amount, then add the tax amounts.

Is This Answer Correct ?    3 Yes 0 No

Post New Answer

More Oracle Apps Financial Interview Questions

Is it same primary ledger data and seconday ledger data should be same or differnt?explain

5 Answers   4i Apps,


Can it be set that the GL date is the Sale Order date or Ship to Date?

1 Answers  


What are the issues you have faced at the time of implementation, Migration, Support and Upgradation project and how you resolve them(AP,AR,GL,FA,CM)!!!

1 Answers   IBM, Oracle, Tech Mahindra, Wipro,


why we have to reverse the journal entries after Revaluation?is it mandatory if why?

1 Answers   Oracle,


What is difference between primary and secondary ledger

0 Answers  


What are different types of way in our matching invoice?

1 Answers   Deloitte,


What is the difference between accrue at period end and accrue on receipt?

1 Answers   Wipro,


Define the Multi Org ? What is difference between 11i and 12i Multi Org Structure ?

2 Answers  


What is the difference between PO default and quick match?

2 Answers  


What are the Setups required for payable invoice approval.

3 Answers  


what is the difference between Revaluation and Translation? what are the steps in GL?

3 Answers   Syntel,


Item is not showing in the items list, what is the reason for that in backend?

1 Answers   Cap Gemini,


Categories
  • Oracle Apps Technical Interview Questions Oracle Apps Technical (547)
  • Oracle Apps Financial Interview Questions Oracle Apps Financial (793)
  • 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)