Implement and Manage Cash and Bank MB-310 Practice Questions (Page 7)

Questions 31–35

1. 31foundation · easy

   What is the purpose of shared payment setups in Dynamics 365 Finance?

   • ATo restrict payment processing to a single legal entity
   • BTo automatically post all payments to the general ledger
   • CTo reconcile bank statements automatically
   • DTo configure payment methods and formats that can be used across multiple legal entities
   Reveal Solution Discussion Select an answer first
2. 32foundation · easy

   Which of the following is a feature of advanced bank reconciliation processing in Dynamics 365 Finance?

   • ACash flow forecast automation
   • BPayment format generation
   • CReconciliation matching rules
   • DManual matching only
   Reveal Solution Discussion Select an answer first
4. 33foundation · easy

   Which of the following is a component of advanced bank reconciliation setup in Dynamics 365 Finance?

   • ACash flow forecast models
   • BPayment format definitions
   • CBank account number sequences
   • DReconciliation matching rules
   Reveal Solution Discussion Select an answer first
5. 34foundation · easy

   What is the main advantage of advanced bank reconciliation over basic bank reconciliation in Dynamics 365 Finance?

   • AIt allows multiple bank accounts to be reconciled in a single statement
   • BIt eliminates the need for bank statement import
   • CIt uses matching rules to automatically match bank statement lines with system transactions
   • DIt automatically posts all bank transactions to the general ledger
   Reveal Solution Discussion Select an answer first
6. 35expert · hard

   A company uses basic bank reconciliation. During reconciliation, they find a bank statement line that does not match any system transaction. The finance team suspects it is a bank error. What should the user do?

   • ASwitch to advanced bank reconciliation to handle the error.
   • BPost a general journal entry to write off the amount.
   • CIgnore the line and complete the reconciliation.
   • DCreate a bank transaction for the difference and mark it as a bank error, then document it for follow-up.
   Reveal Solution Discussion Select an answer first