Company A and Company B are separate legal entities within the same organization. Company A purchases goods from Company B and needs to record the intercompany vendor invoice. What should you configure to ensure the invoice is posted correctly in both legal entities?

Create a regular vendor invoice in Company A and a sales invoice in Company B separately.

Set up intercompany accounting and vendor posting profiles for both legal entities, then create the intercompany vendor invoice.

Set up a vendor payment method for intercompany payments.

Use a shared vendor record to record the invoice in both companies.

In Dynamics 365 Finance, what is the purpose of accounts payable charges?

To add additional costs to a vendor invoice

To define the vendor's posting profile

To reduce the amount of a vendor invoice

To define payment terms for a vendor

A vendor has provided a new bank account for receiving payments. The accounts payable team needs to update the vendor record so that future payments are sent to the new account. What should they do?

Update the vendor's bank account information in the vendor master record.

Change the vendor's payment method to reflect the new bank account.

Update the bank account in the payment journal before each payment.

Create a new vendor posting profile with the new bank account.

A company has vendor balances in multiple foreign currencies. At the end of the fiscal year, they need to adjust the accounts payable balances to reflect current exchange rates. What should they run?

The foreign currency revaluation process for accounts payable.

The general ledger revaluation for all accounts.

The vendor payment proposal to recalculate balances.

The invoice matching validation to update exchange rates.

A new vendor, Alpine Ski House, will be used by two legal entities in your organization. Each legal entity needs to maintain its own vendor record with different payment terms, but they should share the same bank account information. What is the most efficient way to set up this vendor?

Create a vendor in one legal entity and then copy it to the other legal entity using the Copy vendor function.

Create a single vendor record and share it across both legal entities using the Shared vendors functionality.

Create two separate vendor records, one in each legal entity, and manually enter the bank account information in both.

Create a vendor group for the vendor and assign it to both legal entities.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 3Objective 1

Implement and Manage Accounts Payable MB-310 Practice Questions (Page 7)

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 31–35

31application · medium
Company A and Company B are separate legal entities within the same organization. Company A purchases goods from Company B and needs to record the intercompany vendor invoice. What should you configure to ensure the invoice is posted correctly in both legal entities?
Select an answer first
32foundation · easy
In Dynamics 365 Finance, what is the purpose of accounts payable charges?
Select an answer first
33application · medium
A vendor has provided a new bank account for receiving payments. The accounts payable team needs to update the vendor record so that future payments are sent to the new account. What should they do?
Select an answer first
34application · medium
A company has vendor balances in multiple foreign currencies. At the end of the fiscal year, they need to adjust the accounts payable balances to reflect current exchange rates. What should they run?
Select an answer first
35application · medium
A new vendor, Alpine Ski House, will be used by two legal entities in your organization. Each legal entity needs to maintain its own vendor record with different payment terms, but they should share the same bank account information. What is the most efficient way to set up this vendor?
Select an answer first

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