
FINANCIAL ACCOUNTING (FI) 73
make a transaction entry with ‘/’ prefix, the system takes all the entries as
that of direct quotation.
There could be instances where you are required to configure in such a
way that a pr
efix is mandatory irrespective of the type of quotation. In
this case, define the direct quotation prefix as ‘*’, and the indirect one as
the system default ‘/’ prefix. This necessitates a prefix each of the entries
either by ‘*’ or ‘/.’ Otherwise, the user will get a warning to correct the
entry.
133. Explain how ‘Taxes’ are handled in SAP.
SAP takes care of tax calculation, tax postings, tax adjustments, and tax reporting ...