One of the following is required when import duties are charged on purchases -
A)change the inventory ledger settings to charge duty on inventory items
B)change the payables ledger settings to charge import duties
C)enter a linked account to track import duties
D)change the system settings to charge import duties

Question

Quizplus · Accepted Answer

To track and charge import duties, it is necessary to enter a linked account specifically for this purpose. This will allow for accurate record-keeping and reporting of import duties separate from other expenses or payables. The other options presented are not relevant or necessary for charging import duties.

One of the Following Is Required When Import Duties Are