What is the primary purpose of configuring a customer bank account in Dynamics 365 Finance?

To define the customer's credit limit

To determine the customer's posting profile

To store the customer's bank details for payment processing

A company wants to accept customer payments via electronic funds transfer (EFT) and needs to configure the payment method so that payments are automatically posted to the correct bank account. The company also wants to store customer bank account details for EFT processing. What should you configure?

Set up a payment method with the appropriate payment type and assign a default bank account, then configure the customer's bank account.

Create a payment journal and manually select the bank account for each payment.

Configure the customer's bank account and use the 'Bank' payment method without further setup.

Use the 'Electronic payment' payment method and assign the customer's bank account as the default bank account for the company.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 2Objective 1

Implement and Manage Accounts Receivable MB-310 Practice Questions (Page 2)

Part of the Implement accounts receivable, credit, collections, and subscription billing domain, which accounts for 15–20% of the MB-310 exam. Microsoft does not publish an official question count, but from its 100-minute exam (~40–65 total, ~6–13 in this domain), expect 2–4 from this objective — we provide 39 practice questions to prepare you well beyond it. (estimate)

39questions here

8free pages

11concepts

15–20%of the exam

Questions 6–10

6foundation · easy
What is the primary purpose of configuring a customer bank account in Dynamics 365 Finance?
Select an answer first
7foundation · easy
In Dynamics 365 Finance, which of the following is a standard customer payment method?
Select an answer first
8application · medium
A company wants to accept customer payments via electronic funds transfer (EFT) and needs to configure the payment method so that payments are automatically posted to the correct bank account. The company also wants to store customer bank account details for EFT processing. What should you configure?
Select an answer first
9foundation · easy
Which of the following details is typically stored in a customer bank account record?
Select an answer first
10foundation · easy
A company needs to generate the same free text invoice to a customer on the first day of every month. Which feature should be configured to automate this process?
Select an answer first

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Implement and Manage Accounts Receivable MB-310 Practice Questions (Page 2)

Questions 6–10

What is the primary purpose of configuring a customer bank account in Dynamics 365 Finance?

In Dynamics 365 Finance, which of the following is a standard customer payment method?

Which of the following details is typically stored in a customer bank account record?

A company needs to generate the same free text invoice to a customer on the first day of every month. Which feature should be configured to automate this process?

Keep studying — Implement accounts receivable, credit, collections, and subscription billing