MB6-892 | You need to set up the posting profile for realized…

Question: 2

You need to set up the posting profile for realized and unrealized gains and losses. Which two forms should you use? Each correct answer presents a complete solution.

A. Chart of accounts form
B. Currency revaluation accounts form
C. Currency exchange rates form
D. Ledger form

Answer: B,D

Explanation/Reference:

B: Currency revaluation accounts, where you identify the relevant account for realized gain, and loss, unrealized gain, and loss.
D: General Ledger. We have also seen issues with the Gain and Loss accounts. a. General Ledger>>Setup>>Ledger Verify there is a Main account setup for the Realized and Unrealized Gains and Loss records.

MB6-892 | You are entering a customer sales order that has two lines…

Question: 1

You are entering a customer sales order that has two lines: one line for item A and one line for item B.
The following statements are necessary to calculate sales tax for the sales order:
The sales tax group linked to the customer includes sales tax codes ST1, ST2, ST3, and ST4.
The item sales tax group linked to item A includes sales tax codes ST1, ST2, and ST5.
The item sales tax group linked to item B includes sales tax codes ST1, ST3, and ST5.
You need to calculate sales taxes for each of the sales order lines.
Which two statements describe how sales taxes are calculated for the sales order? Each correct answer presents part of the solution.

A. The line with item B is calculated based on sales tax codes ST1 and ST3.
B. The line with item B is calculated based on sales tax codes ST1, ST3, and ST5.
C. The line with item A is calculated based on sales tax codes ST1, ST2, and ST5.
D. The line with item A is calculated based on sales tax codes ST1 and ST2.

Answer: A,D

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