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

Answer Posted / 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



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