Microsoft Exam MB-310 Topic 5 Question 105 Discussion

Actual exam question for Microsoft's MB-310 exam

Question #: 105
Topic #: 5

[All MB-310 Questions]

You are configuring taxes in Dynamics 365 Finance for a client.

You need to configure the sales taxes to post to the expense account.

Where should you configure the sales tax percentage?

ALedger posting groups

BSales tax group

CTax code

DItem sales tax group

Show Suggested Answer

Suggested Answer: D

by Ettie at Sep 13, 2024, 05:43 PM

Limited Time Offer

25%

Off

Get Premium MB-310 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Maryln

8 months ago

C) Tax code, easy peasy. Unless it's in the 'Super Secret Tax Settings' section, then I'm completely lost.

upvoted 0 times

Tashia

7 months ago

D) Item sales tax group

upvoted 0 times

...

Gail

7 months ago

C) Tax code

upvoted 0 times

...

Josephine

7 months ago

D) Item sales tax group

upvoted 0 times

...

Rickie

7 months ago

C) Tax code

upvoted 0 times

...

Florinda

7 months ago

B) Sales tax group

upvoted 0 times

...

Jodi

8 months ago

A) Ledger posting groups

upvoted 0 times

...

Marlon

8 months ago

B) Sales tax group

upvoted 0 times

...

Blondell

8 months ago

A) Ledger posting groups

upvoted 0 times

...

Merlyn

9 months ago

A) Ledger posting groups, of course! That's where all the fun accounting magic happens. Wait, what do you mean 'sales taxes'? I thought we were talking about ledgers!

upvoted 0 times

...

Alesia

9 months ago

Actually, I think it should be configured in the Ledger posting groups for proper accounting.

upvoted 0 times

...

Lai

9 months ago

D) Item sales tax group, because everything in Dynamics 365 is about the items, right? Don't they know we're dealing with taxes here, not inventory?

upvoted 0 times

Justine

8 months ago

D) Item sales tax group, because that's where you assign tax codes to specific items.

upvoted 0 times

...

Jeff

8 months ago

C) Tax code, because that's where you link the tax rates to specific transactions.

upvoted 0 times

...

Starr

8 months ago

C) Tax code is used to determine the tax rate and tax calculation method.

upvoted 0 times

...

Frederica

8 months ago

B) Sales tax group, because that's where you define the tax rates and codes.

upvoted 0 times

...

Maryln

8 months ago

A) Ledger posting groups, because that's where you set up the accounts for posting taxes.

upvoted 0 times

...

Edwin

8 months ago

B) Sales tax group is where you define the sales tax percentage and link it to ledger accounts.

upvoted 0 times

...

Aja

8 months ago

A) Ledger posting groups are used for posting transactions to the general ledger accounts.

upvoted 0 times

...

Samuel

9 months ago

I believe it should be configured in the Tax code.

upvoted 0 times

...

Alesia

9 months ago

I think the sales tax percentage should be configured in the Sales tax group.

upvoted 0 times

...

Ilona

9 months ago

B) Sales tax group, that's where I usually set up the tax rates. But hey, who knows, maybe they've hidden it in some obscure corner of the system.

upvoted 0 times

Leatha

8 months ago

D) Item sales tax group

upvoted 0 times

...

Matilda

8 months ago

C) Tax code

upvoted 0 times

...

Linn

8 months ago

B) Sales tax group

upvoted 0 times

...

Reiko

9 months ago

A) Ledger posting groups

upvoted 0 times

...

Stacey

9 months ago

C) Tax code? Seems logical, that's where I'd expect to configure the sales tax percentage.

upvoted 0 times

Krystina

8 months ago

Exactly, the tax code is where you set the sales tax percentage for posting to the expense account.

upvoted 0 times

...

Matthew

9 months ago

Yes, you are correct. The sales tax percentage is configured in the tax code.

upvoted 0 times

...

Polly

9 months ago

D) Item sales tax group

upvoted 0 times

...

James

9 months ago

C) Tax code

upvoted 0 times

...

Ahmed

9 months ago

B) Sales tax group

upvoted 0 times

...

Tatum

9 months ago

A) Ledger posting groups

upvoted 0 times

...