What is the primary use of the vendor invoice journal in Dynamics 365 Finance?

To record vendor invoices that are not associated with a purchase order

To set up vendor posting profiles

Your company pays most vendors by check, but a few vendors require electronic payment. You need to configure the system so that the payment method is automatically selected based on the vendor. What should you do?

Use vendor groups to define the payment method for all vendors in the group.

Create a single payment method that supports both check and electronic payment.

Create a payment method for check and a payment method for electronic payment, and assign the appropriate payment method to each vendor.

Set the default payment method in Accounts payable parameters and override it during payment generation.

A company has vendors that are either domestic or international. They want to assign different payment terms and default posting profiles based on this classification. They also want to be able to change the classification later without affecting existing transactions. What should you do?

Create two vendor groups, 'Domestic' and 'International', and assign each vendor to the appropriate group.

Set up two payment methods and assign them to vendors individually.

Use vendor bank accounts to differentiate domestic and international vendors.

Create two vendor posting profiles and assign them directly to each vendor.

A company needs to pay a vendor immediately for an invoice that is not yet due. They want to generate a payment for this specific invoice without affecting other vendor payments. What should they do?

Use the vendor payment journal and select the specific invoice to pay.

Create a prepayment journal voucher for the vendor.

Change the vendor's payment terms to make the invoice due immediately.

Run the payment proposal for all vendors and include this invoice.

A company pays most vendors by electronic transfer, but a few vendors require checks. They want to set up payment methods so that the correct method is used automatically for each vendor. What should you configure?

Create two payment methods, 'Electronic' and 'Check', and assign the appropriate method to each vendor.

Set up two vendor bank accounts and use them to determine the payment method.

Create two vendor posting profiles and assign them to the vendors.

Use the payment journal to manually select the payment method for each payment.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 3Objective 1

Implement and Manage Accounts Payable MB-310 Practice Questions (Page 5)

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 21–25

21foundation · easy
What is the primary use of the vendor invoice journal in Dynamics 365 Finance?
Select an answer first
22application · medium
Your company pays most vendors by check, but a few vendors require electronic payment. You need to configure the system so that the payment method is automatically selected based on the vendor. What should you do?
Select an answer first
23application · medium
A company has vendors that are either domestic or international. They want to assign different payment terms and default posting profiles based on this classification. They also want to be able to change the classification later without affecting existing transactions. What should you do?
Select an answer first
24application · medium
A company needs to pay a vendor immediately for an invoice that is not yet due. They want to generate a payment for this specific invoice without affecting other vendor payments. What should they do?
Select an answer first
25application · medium
A company pays most vendors by electronic transfer, but a few vendors require checks. They want to set up payment methods so that the correct method is used automatically for each vendor. What should you configure?
Select an answer first

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