VAT Quizzes & Trivia

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Check out this VAT quiz questions and answers and test your knowledge regarding the taxes. VAT stands for Value-added tax that is levied on services and goods and is assessed incrementally. It is very much important for the...

Questions: 12 | Attempts: 193 | Last updated: Mar 30, 2022

Sample Question
What does Anchor input tax relate to?

Purchases

Sales

Profit

None of the above

Ep Jan Day 4

Questions: 12 | Attempts: 120 | Last updated: Mar 18, 2022

Sample Question
Why are locations so important in the system? (Select all that apply)

It determines who approves your report.

VAT rates are calculated based on location.

Delegate selection is based on location.

Travel Allowance rates are based on the destination city.

Exp Prg May Day 8

Questions: 11 | Attempts: 179 | Last updated: Mar 18, 2022

Sample Question
When creating an audit rule for dinner limit, the client wants to flag the expense if the user spends over $25.00 USD. which of the following operators would they use?

Equals

Greater than

Less than

Less than or Equal to

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