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

Questions 31–35

1. 31foundation · easy

   In Dynamics 365 Finance, where is a billing classification assigned?

   • ATo a collection letter
   • BTo a sales order line
   • CTo a customer payment
   • DTo a free text invoice header
   Reveal Solution Discussion Select an answer first
2. 32application · medium

   A customer wants to pay invoices via direct debit. The company needs to store the customer's bank account details and use them to generate direct debit payments. What should you configure?

   • AConfigure the payment method as 'Direct debit' and enter the customer's bank details manually for each payment.
   • BAdd a bank account to the customer record and set up a direct debit mandate, then use a payment method with the direct debit payment type.
   • CCreate a vendor bank account for the customer and use it for direct debit.
   • DUse the customer's default bank account without setting up a direct debit mandate.
   Reveal Solution Discussion Select an answer first
4. 33foundation · easy

   What is the purpose of foreign currency revaluation in Accounts receivable?

   • ATo create new invoices in foreign currency
   • BTo delete old foreign currency transactions
   • CTo convert all customer balances to a single currency permanently
   • DTo adjust the value of open customer transactions in foreign currencies to the current exchange rate
   Reveal Solution Discussion Select an answer first
5. 34foundation · easy

   When processing an intercompany invoice, what is automatically created in the related legal entity?

   • AA payment journal
   • BA corresponding vendor invoice
   • CA collection letter
   • DA free text invoice
   Reveal Solution Discussion Select an answer first
6. 35application · medium

   A company wants to differentiate between invoices that are subject to retention and those that are not. They need to ensure that when creating free text invoices, the billing classification determines whether retention is applied. What should you configure?

   • ASet up retention terms on the customer record and they will automatically apply to all free text invoices.
   • BUse the 'Retention' button on the free text invoice to manually apply retention each time.
   • CConfigure retention terms in Accounts receivable parameters and they will apply to all invoices.
   • DCreate billing classifications and set up retention terms on the billing classification, then assign the classification to the free text invoice.
   Reveal Solution Discussion Select an answer first