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NEW QUESTION: 1
You are setting up settlement periods for the purpose of using conditional sales tax. You plan on creating one settlement period for conditional sales tax and another settlement period for reporting sales tax to the authorities.
One of your coworkers wants to know your reason for creating separate settlement periods.
Which two reasons should you give your coworker? Each correct answer presents a complete solution.
A. It prevents conditional sales tax from being reported incorrectly
B. Some countries legally require separation of settlement periods
C. It allows you to generate a report that displays undeclared conditional sales tax amounts
D. Setting up two settlement periods is mandatory in the system, no matter what type of sales tax