A vendor invoice arrives for a purchase that was made without a purchase order. The invoice includes charges for freight and insurance. The accounts payable clerk needs to record the invoice and ensure the charges are posted to the correct ledger accounts. What should the clerk do?

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

Create a vendor invoice journal entry and add charge lines for freight and insurance.

Set up an invoice matching policy to allow the invoice without a PO.

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

What is the purpose of foreign currency revaluation in Accounts payable?

To set up exchange rates for future transactions

To calculate the amount of tax on foreign currency invoices

To adjust the value of open vendor transactions due to exchange rate changes

To convert all vendor transactions to the company's base currency

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 3Objective 1

Implement and Manage Accounts Payable MB-310 Practice Questions (Page 3)

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 11–15

11application · medium
A vendor invoice arrives for a purchase that was made without a purchase order. The invoice includes charges for freight and insurance. The accounts payable clerk needs to record the invoice and ensure the charges are posted to the correct ledger accounts. What should the clerk do?
Select an answer first
12foundation · easy
What is the purpose of foreign currency revaluation in Accounts payable?
Select an answer first
13foundation · easy
Which of the following is a transaction type that can be defined in a vendor posting profile?
Select an answer first
14foundation · easy
In Dynamics 365 Finance, which document is used to record a vendor invoice that is not associated with a purchase order?
Select an answer first
15foundation · easy
Which of the following is a typical field on a vendor bank account record?
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.

Implement and Manage Accounts Payable MB-310 Practice Questions (Page 3)

Questions 11–15

A vendor invoice arrives for a purchase that was made without a purchase order. The invoice includes charges for freight and insurance. The accounts payable clerk needs to record the invoice and ensure the charges are posted to the correct ledger accounts. What should the clerk do?

What is the purpose of foreign currency revaluation in Accounts payable?

Which of the following is a transaction type that can be defined in a vendor posting profile?

In Dynamics 365 Finance, which document is used to record a vendor invoice that is not associated with a purchase order?

Which of the following is a typical field on a vendor bank account record?

Keep studying — Implement and manage accounts payable and expenses