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Chapter 31 – Solutions

Multiple Choice Solutions​

  1. c) E-invoices must ensure both authenticity and integrity.

  2. c) Fiscal cash registers are mandatory for retail and hospitality sectors.

  3. a) UBL stands for Universal Business Language.

  4. c) FAIA format is based on OECD SAF-T (Standard Audit File for Tax).

  5. c) E-invoices must be stored for 10 years.

  6. c) Peppol is both a format (Peppol BIS) and a network.

  7. b) Fiscal cash registers must be certified by Luxembourg authorities.

  8. b) CSV format is text-based (comma-separated values).

  9. c) Data export/import is essential for data migration, reporting, and analysis.

  10. c) Software integration helps reduce errors, save time, and improve accuracy.

Note: Complete solutions for Problems Set A, Set B, and Comprehensive Problem are available in the instructor solutions manual.

End of Chapter 31 Solutions