What is the purpose of vendor payment methods in Dynamics 365 Finance?

To define how payments are made to vendors

To define the general ledger accounts for vendor payments

To define the payment terms for vendors

To define the currency used for vendor payments

What is the purpose of recurring vendor invoices in Dynamics 365 Finance?

To process vendor payments automatically

To generate invoices for one-time purchases

To automatically generate invoices for regular recurring expenses

To create purchase orders for recurring items

A company needs to post vendor invoices to different summary accounts depending on whether the vendor is domestic or international. They have already created vendor groups for this classification. What should you configure to ensure the correct summary account is used automatically?

Set up two invoice matching policies for domestic and international vendors.

Create two vendor posting profiles, one for each vendor group, and assign them to the respective vendor groups.

Use the vendor invoice journal to manually select the summary account for each invoice.

Create two payment methods and assign them to the vendor groups.

What is the purpose of the vendor payment journal in Dynamics 365 Finance?

To set up vendor posting profiles

To record and generate payments to vendors

An accounts payable clerk needs to record a one-time vendor invoice that is not associated with a purchase order. The invoice includes a line for the main amount and a separate line for a handling charge. What is the most appropriate way to record this?

Use the vendor invoice journal to enter the invoice with two lines: one for the main amount and one for the handling charge.

Create a purchase order for the invoice and then post the invoice against it.

Use the vendor payment journal to record the invoice and the charge.

Set up a charges code and then post the invoice using the vendor invoice form.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 3Objective 1

Implement and Manage Accounts Payable MB-310 Practice Questions (Page 1)

Part of the Implement and manage accounts payable and expenses domain, which accounts for 10–15% of the MB-310 exam. Microsoft does not publish an official question count, but from its 100-minute exam (~40–65 total, ~4–10 in this domain), expect 2–5 from this objective — we provide 55 practice questions to prepare you well beyond it. (estimate)

55questions here

11free pages

15concepts

10–15%of the exam

Questions 1–5

1foundation · easy
What is the purpose of vendor payment methods in Dynamics 365 Finance?
Select an answer first
2foundation · easy
What is the purpose of recurring vendor invoices in Dynamics 365 Finance?
Select an answer first
3application · medium
A company needs to post vendor invoices to different summary accounts depending on whether the vendor is domestic or international. They have already created vendor groups for this classification. What should you configure to ensure the correct summary account is used automatically?
Select an answer first
4foundation · easy
What is the purpose of the vendor payment journal in Dynamics 365 Finance?
Select an answer first
5application · medium
An accounts payable clerk needs to record a one-time vendor invoice that is not associated with a purchase order. The invoice includes a line for the main amount and a separate line for a handling charge. What is the most appropriate way to record this?
Select an answer first

Finished these 5 questions?

Review the revealed explanations, or continue through the curriculum.

Next 5 questions →Back to MB-310

Free Basic Practice is a study aid with revealable answers — not a scored exam. Examers.io is independent and not affiliated with or endorsed by Microsoft. “MB-310” is a trademark of its owner, used for identification only.