In Dynamics 365 Finance, what is the effect of placing a credit hold on a customer?

Prevents the customer from making new purchases until the hold is removed

Sends a collection letter to the customer

Automatically writes off the customer's overdue balance

Changes the customer's credit limit to zero

A company wants to categorize customer balances into buckets: Current, 1-30 days, 31-60 days, 61-90 days, and Over 90 days. They need to run a report that shows these buckets for each customer. What should you configure?

Create a credit limit for each customer and run the credit management report.

Set up collection letter codes for each bucket and print collection letters.

Create an aging period definition with the specified periods and run the aged balances report.

Configure interest notes for each bucket and post them monthly.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 2Objective 2

Manage Credit and Collections MB-310 Practice Questions (Page 10)

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 47 practice questions to prepare you well beyond it. (estimate)

47questions here

10free pages

9concepts

15–20%of the exam

Questions 46–47

46foundation · easy
In Dynamics 365 Finance, what is the effect of placing a credit hold on a customer?
Select an answer first
47application · easy
A company wants to categorize customer balances into buckets: Current, 1-30 days, 31-60 days, 61-90 days, and Over 90 days. They need to run a report that shows these buckets for each customer. What should you configure?
Select an answer first

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Manage Credit and Collections MB-310 Practice Questions (Page 10)

Questions 46–47

In Dynamics 365 Finance, what is the effect of placing a credit hold on a customer?

A company wants to categorize customer balances into buckets: Current, 1-30 days, 31-60 days, 61-90 days, and Over 90 days. They need to run a report that shows these buckets for each customer. What should you configure?

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