Oracle Exam 1Z0-342 Topic 1 Question 65 Discussion

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

Question #: 65
Topic #: 1

When you are entering an invoice with VAT tax, the system displays hard Error 1480: "Tax Amount May Not Be Understated."

Which system setting should you review to prevent the error and allow entry of understated tax amounts?

ASelect the 'Allow Understatement of Tax Amount' check box in the Tax Rules application (P0022) for the company on the invoice to allow entry of understated tax amounts within the defined tolerance limits.

BSet the 'Allow Understatement of Tax Amount* processing option to 1 in the Invoice Entry Master Business Function (P03B0011) to allow entry of understated tax amounts within the defined tolerance limits.

CSelect the 'Allow Understatement of Tax Amount' check box in the Tax/Rate Area application (P4008).

DActivate the 'Allow Understatement of Tax Amount' processing option for Standard Invoice Entry application (P03B11) to allow entry of understated tax amounts.

ESelect the 'Allow Understatement of Tax Amount' check box in the Company Number and Names application (P0010) for the company on the Invoice to allow entry of understated tax amounts within the defined tolerance limits.

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Suggested Answer: D

by Mattie at Oct 23, 2022, 04:01 AM

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