A vendor has provided new bank account details for electronic payments. You need to ensure that future payments are sent to the new account, but you also need to keep a record of the previous bank account for historical reference. What should you do?

Create a new vendor bank account and set it as the primary account for the vendor.

Update the vendor's payment method to use a different bank account.

Delete the old bank account and create a new one with the new details.

Edit the existing vendor bank account and change the bank account number to the new one.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 3Objective 1

Implement and Manage Accounts Payable MB-310 Practice Questions (Page 10)

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 46–50

46foundation · easy
Which of the following is a standard invoice matching policy in Dynamics 365 Finance?
Select an answer first
47foundation · easy
Which of the following can be assigned to a vendor group in Dynamics 365 Finance?
Select an answer first
48foundation · easy
Which of the following is a required field when creating a new vendor record in Dynamics 365 Finance?
Select an answer first
49application · medium
A vendor has provided new bank account details for electronic payments. You need to ensure that future payments are sent to the new account, but you also need to keep a record of the previous bank account for historical reference. What should you do?
Select an answer first
50foundation · easy
A Dynamics 365 Finance functional consultant needs to enforce that vendor invoices over a certain amount require a two-step approval before posting. Which feature should be configured to enforce this organizational standard?
Select an answer first

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Implement and Manage Accounts Payable MB-310 Practice Questions (Page 10)

Questions 46–50

Which of the following is a standard invoice matching policy in Dynamics 365 Finance?

Which of the following can be assigned to a vendor group in Dynamics 365 Finance?

Which of the following is a required field when creating a new vendor record in Dynamics 365 Finance?

A vendor has provided new bank account details for electronic payments. You need to ensure that future payments are sent to the new account, but you also need to keep a record of the previous bank account for historical reference. What should you do?

A Dynamics 365 Finance functional consultant needs to enforce that vendor invoices over a certain amount require a two-step approval before posting. Which feature should be configured to enforce this organizational standard?

Keep studying — Implement and manage accounts payable and expenses