Oracle Exam 1Z0-342 Topic 3 Question 78 Discussion

Actual exam question for Oracle's 1Z0-342 exam

Question #: 78
Topic #: 3

When you enter a foreign voucher with VAT tax using the Standard Voucher Entry application, the system triggers error 0960: VAT not allowed with Currency Code.

What setting is required to allow this type of transaction to be entered?

AThe Company must be set up to allow VAT tax on foreign vouchers.

BThe Tax Rate/Area must be set up to allow VAT tax on foreign vouchers.

CThe Standard Voucher Entry application processing option needs to be flagged to allow foreign transactions with VAT tax.

DThe Voucher Master Business Function processing option needs to be flagged to allow foreign transactions with VAT tax.

EThe Tax Rules by Company must be set up to allow VAT tax on foreign vouchers.

Show Suggested Answer

Suggested Answer: C

by Kristofer at Aug 10, 2023, 06:58 AM

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Theola

16 days ago

I'm going with C. The Standard Voucher Entry is where the rubber meets the road, so that's gotta be the place to make the change. Unless, of course, the developers were feeling particularly devious when they set this up...

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Merilyn

17 days ago

I bet the answer is D. The Voucher Master Business Function is probably where the magic happens for these kinds of transactions. Though who knows, maybe the developers were feeling mischievous when they coded this one.

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Mi

21 days ago

Ha! I've seen this error before. Looks like the system doesn't want to play nice with foreign VAT. Time to do some digging in the settings!

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2 months ago

I think the setting required is option A) The Company must be set up to allow VAT tax on foreign vouchers.

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