A company has two customer groups: domestic and export. They need different summary accounts for the trade receivables in the general ledger. The accounts receivable manager wants to ensure that when invoices are posted, the correct summary account is used based on the customer group. What should you configure?

Configure the general ledger posting setup to use the customer group as a posting dimension.

Set up a single posting profile and use the customer group to determine the summary account automatically.

Create separate customer posting profiles for each customer group and assign them to the respective customers.

Use the customer's default posting profile and change it manually for each invoice.

What is the purpose of configuring a customer payment method in Dynamics 365 Finance?

To control the customer's credit limit

To determine the sales tax rate for invoices

To define how customer payments are recorded and processed

To assign a customer to a customer group

A company needs to add a flat handling fee to every free text invoice for a specific customer group. The fee should appear as a separate line on the invoice and be posted to a specific revenue account. What should you configure?

Create a miscellaneous charge on the customer record and it will automatically appear on all free text invoices.

Set up a charges code with a posting type and assign it to the customer group, then add the charge to the free text invoice.

Use the 'Charges' button on the free text invoice to add a charge, but you must manually enter the amount each time.

Configure a billing classification to automatically add the handling fee to all invoices in that classification.

A company has customer invoices in multiple foreign currencies. At the end of the fiscal year, they need to revalue the open customer balances to reflect current exchange rates and post the resulting unrealized gain or loss. What should you do?

Create a new invoice in the functional currency for the exchange rate difference.

Manually adjust each customer balance using a general journal entry.

Use the exchange rate adjustment feature in General ledger to revalue customer balances.

Run the foreign currency revaluation process for Accounts receivable, specifying the revaluation date and posting profile.

In Dynamics 365 Finance, what is the purpose of the Charges module in Accounts receivable?

To add miscellaneous fees to invoices

To define customer credit limits

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 2Objective 1

Implement and Manage Accounts Receivable MB-310 Practice Questions (Page 4)

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 16–20

16application · medium
A company has two customer groups: domestic and export. They need different summary accounts for the trade receivables in the general ledger. The accounts receivable manager wants to ensure that when invoices are posted, the correct summary account is used based on the customer group. What should you configure?
Select an answer first
17foundation · easy
What is the purpose of configuring a customer payment method in Dynamics 365 Finance?
Select an answer first
18application · medium
A company needs to add a flat handling fee to every free text invoice for a specific customer group. The fee should appear as a separate line on the invoice and be posted to a specific revenue account. What should you configure?
Select an answer first
19application · medium
A company has customer invoices in multiple foreign currencies. At the end of the fiscal year, they need to revalue the open customer balances to reflect current exchange rates and post the resulting unrealized gain or loss. What should you do?
Select an answer first
20foundation · easy
In Dynamics 365 Finance, what is the purpose of the Charges module in Accounts receivable?
Select an answer first

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