When an organization must report information about the classification of vendors, they wil need
A. contact the US Department ofLabor
B. define the sources of government certifications and then define the government certification
C. file certifications with IRS
D. apply this information to the vendors' ship-to location
Which three statements are true with regard to the Accounts Payable and General Ledger
A. APayablebusiness unit can be tagged to multiple General Ledger business units but not vice
B. General Ledger business units define most of the accounting processing for their associated
Payables business units.
C. Payables journal templates for ACCRUALS and PAYMENTS are tagged at the General
Ledger business unit definition level.
D. The base currency for a Payablesbusiness unit is defined by the General Ledger business
unit with which it is associated.
E. Tagging a VAT-enabled General Ledger business unit to a Payables business unit makes the
Payables business unit VAT applicable.
Answer(s): B, C, D
A vendor has five locations - one each in the New York, Germany, France, Italy, and the UK.
How many vendor ID numbers should be created?
A. One Vendor ID
B. Five Vendor IDs representing each country
C. Two Vendor IDs - one representing the US and the second for all European countries
D. Three Vendor IDs - one each for the US, the UK, and the European Union
Where do you define recurring vouchers?