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Microsoft MB-310 Exam - Topic 4 Question 135 Discussion

A company configures Dynamics 36S Finance to collect and report sales tax horn customers. The company calculates the sales tax amount needed to pay a vendor for taxable items and expenses.The company is required by law to accrue and pay use tax. You add a new vendor in an existing, region.You need to configure the system to accrue use tax for the new vendor.Which three actions should you take? Each correct answer presents part of the solution.NOTL Each coned selection is worth one pant.
A) Create a new tax group for the use tax. and C) Configure the use tax payable for the main account into the ledger posting group. and F) Add a tax code to the item sales tax group.
B) Create a new tax code for the use tax.
D) Add a tax code to the tax group with the use tax option set to Yes.
E) Create a new tax authority for the use tax.
G) Create a new settlement period for the use tax.

Microsoft MB-310 Exam - Topic 4 Question 135 Discussion

Actual exam question for Microsoft's MB-310 exam
Question #: 135
Topic #: 4
[All MB-310 Questions]

A company configures Dynamics 36S Finance to collect and report sales tax horn customers. The company calculates the sales tax amount needed to pay a vendor for taxable items and expenses.

The company is required by law to accrue and pay use tax. You add a new vendor in an existing, region.

You need to configure the system to accrue use tax for the new vendor.

Which three actions should you take? Each correct answer presents part of the solution.

NOTL Each coned selection is worth one pant.

Show Suggested Answer Hide Answer
Suggested Answer: A, C, F

Contribute your Thoughts:

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Elenor
3 days ago
I think A and B are essential.
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Pamella
8 days ago
This question is tricky.
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Viva
13 days ago
E) is overkill; just use the existing ones if they apply!
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Charisse
18 days ago
Wait, do we really need a new tax authority for this? Seems excessive!
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Anna
23 days ago
D) is a must if you want to track it correctly.
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Dante
29 days ago
I think C) is also essential for proper accounting.
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Annita
1 month ago
A) and B) are definitely needed for setting up use tax.
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Galen
1 month ago
I thought we only needed to update the existing tax codes?
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Micah
1 month ago
D is definitely necessary too!
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Mari
2 months ago
Wait, do we really need a new tax authority for this?
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Horace
2 months ago
Totally agree with A and B!
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Gwenn
2 months ago
A) B) C) are the right steps.
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Sabina
2 months ago
Adding a tax code to the tax group sounds familiar, especially with the use tax option set to Yes. I hope that's part of the solution!
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Alaine
2 months ago
I feel like we should definitely configure the use tax payable in the ledger posting group, but I can't recall if that's one of the three actions.
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Bernadine
3 months ago
I remember a practice question where we had to configure tax groups, so maybe creating a new tax group is also necessary?
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Nickole
3 months ago
I think we need to create a new tax code for the use tax, but I'm not entirely sure if that's the first step.
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