The controller of your company has received notice from the taxing agency of another state that
the sales tax rate on the company's products sold in that state wil increase by 0.5% starting on
January 1st and continuing in perpetuity.
You must make all changes necessary in Microsoft Dynamics 365 for Finance and Operations
to make these changes take effect on January 1st.
Which object in Microsoft Dynamics 365 for Finance and Operations should be modified to
make this change?
A. sales tax code
B. Ledger posting group
C. Sales tax authority
D. Settlement period
A vendor contacts you about an unpaid invoice. You verify that the check was printed and
mailed one month ago. Because the check has not been received by the vendor, you need to
reissue a check to the vendor.
Which action should you perform?
A. Reverse the payment from the Vendor transaction report from, and then reissue the payment.
B. Void the check from the original payment journal, and then reissue the payment.
C. Create a reversing entry by using the General journal form, and then reissue the payment.
D. Process a payment reversal from the Checks form, and then reissue the payment.
Your company has acquired customers in a new state. The company must collect sales tax on
the product sales to those customers.
As bookkeeper, you need to configure Microsoft Dynamics 365 for Finance and Operations to
report collected sales tax to the new customers' state authorities. Which configuration controls
the payment of sales tax to the new state?
A. main accounts
B. customer account
C. sales tax group
D. sales tax authority