Implement and Manage Cash and Bank MB-310 Practice Questions (Page 5)

Questions 21–25

1. 21foundation · easy

   In Dynamics 365 Finance, where do you configure the payment format for a specific bank account?

   • AIn the General ledger parameters
   • BIn the Payment terms setup
   • COn the Bank account form, in the Payment format field
   • DIn the Accounts payable parameters
   Reveal Solution Discussion Select an answer first
2. 22foundation · easy

   What is the primary purpose of manual bank reconciliation in Dynamics 365 Finance?

   • ATo automatically match all transactions using rules
   • BTo post all bank transactions to the general ledger
   • CTo generate bank statements
   • DTo manually match bank statement lines with system transactions
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4. 23foundation · easy

   Which of the following is a typical step in processing customer and vendor netting in Dynamics 365 Finance?

   • AGenerating a payment file
   • BImporting a bank statement
   • CSelecting the customer and vendor accounts to be netted
   • DRunning the cash flow forecast
   Reveal Solution Discussion Select an answer first
5. 24foundation · easy

   What is the purpose of customer and vendor netting in Dynamics 365 Finance?

   • ATo combine multiple bank accounts into one
   • BTo generate payment files for vendors
   • CTo automatically reconcile bank statements
   • DTo offset receivables and payables between a customer and a vendor
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6. 25expert · hard

   A multinational company has a bank account in EUR, but the functional currency is USD. At month-end, the finance team runs the foreign currency revaluation for the bank account. However, they notice that the revaluation adjustment is not posting to the realized currency revaluation account as expected. What should they check?

   • AVerify that the bank account is included in the advanced bank reconciliation setup.
   • BVerify that the bank account has a payment format assigned.
   • CVerify that the realized currency revaluation account is specified in the foreign currency revaluation setup for the bank account.
   • DVerify that the bank account is included in the cash flow forecast setup.
   Reveal Solution Discussion Select an answer first