Implement and Manage Accounts Payable MB-310 Practice Questions (Page 8)

Questions 36–40

1. 36foundation · easy

   What is the purpose of a vendor posting profile in Dynamics 365 Finance?

   • ATo define the payment terms for vendors
   • BTo define the currency used for vendor transactions
   • CTo define how vendor transactions are posted to the general ledger
   • DTo define the vendor groups that are allowed to post transactions
   Reveal Solution Discussion Select an answer first
2. 37foundation · easy

   Which of the following is a prerequisite for processing intercompany vendor invoices?

   • AIntercompany accounting must be set up
   • BThe invoice must be created in a vendor invoice journal
   • CThe invoice must be in a foreign currency
   • DThe vendor must be a shared vendor
   Reveal Solution Discussion Select an answer first
4. 38application · medium

   Contoso Ltd. requires that all vendor invoices with a total amount exceeding $10,000 must have a matching purchase order and a three-way match before posting. For invoices below that threshold, a two-way match is acceptable. The accounts payable manager wants to enforce this automatically during invoice posting. What should you configure?

   • ASet up two invoice matching policies: one for amounts above $10,000 requiring three-way match, and one for amounts below requiring two-way match.
   • BUse the invoice approval workflow to manually review every invoice above $10,000.
   • CEnable the 'Match invoice lines' parameter globally and set the matching policy to 'Three-way' for all vendors.
   • DCreate two vendor posting profiles and assign them based on the invoice amount.
   Reveal Solution Discussion Select an answer first
5. 39expert · hard

   Your company has open vendor invoices in multiple foreign currencies. At year-end, you need to revalue all open vendor balances. You also need to ensure that the revaluation adjustments are posted to a specific 'Currency Revaluation' account, not the default AP adjustment account. What should you do?

   • AModify the vendor posting profile to use the 'Currency Revaluation' account for the revaluation adjustment.
   • BCreate a new posting profile and assign it to the revaluation process.
   • CIn the Foreign currency revaluation dialog, select the 'Currency Revaluation' account as the adjustment account.
   • DRun the foreign currency revaluation and then manually post a journal to move the adjustment to the desired account.
   Reveal Solution Discussion Select an answer first
6. 40foundation · easy

   What is a centralized payment in Accounts payable?

   • AA payment made to a vendor in a central location
   • BA payment made from one legal entity for vendors of multiple legal entities
   • CA payment that is split across multiple bank accounts
   • DA payment that is processed automatically
   Reveal Solution Discussion Select an answer first