Configure and Manage Subscription Billing MB-310 Practice Questions (Page 2)

Questions 6–10

1. 6foundation · easy

   What is the purpose of the recognition schedule in revenue deferral?

   • ATo generate sales invoices automatically
   • BTo store customer payment history
   • CTo list the amounts and dates when revenue will be recognized
   • DTo calculate tax on deferred revenue
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2. 7application · medium

   A company has a revenue deferral schedule with 12 monthly recognition entries. The finance team has posted the first three months. In month 4, they discover that the recognition amount for each period should be slightly higher due to a pricing correction. What should you do?

   • APost a manual journal entry to adjust the total recognized revenue.
   • BDelete the deferral schedule and recreate it from the invoice.
   • CChange the deferral default on the item and regenerate the schedule.
   • DEdit the remaining recognition entries on the deferral schedule to reflect the corrected amount.
   Reveal Solution Discussion Select an answer first
4. 8application · medium

   A company has posted a revenue deferral schedule for a 24-month contract. After 6 months, the customer cancels the contract and receives a refund for the unused portion. The finance team needs to stop recognizing revenue for the remaining months and reverse the unearned amount. What should the administrator do?

   • ALeave the schedule as is and post a manual journal entry to reverse the remaining balance.
   • BTerminate the recognition schedule and post the reversal of the unearned revenue.
   • CDelete the recognition schedule and create a new one with zero amounts.
   • DEdit the recognition schedule and change the remaining lines to zero, then post the schedule.
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5. 9application · medium

   A customer's billing schedule was set up with an incorrect end date, causing the schedule to terminate too early. The administrator needs to extend the schedule for three more months. What should the administrator do?

   • ACreate a new billing schedule for the additional months and link it to the customer.
   • BManually create invoices for the additional months without changing the schedule.
   • CEdit the end date on the billing schedule header and regenerate the schedule.
   • DDelete the billing schedule and create a new one with the correct end date.
   Reveal Solution Discussion Select an answer first
6. 10foundation · easy

   When a billing schedule is processed, what type of document is typically generated?

   • AA free text invoice
   • BA purchase order
   • CA sales order or sales invoice
   • DA project invoice
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