A company receives a customer payment that includes a discount for early payment. The accountant wants to record the payment and the discount in the Cash Receipt Journal. What should the accountant do?

Enter the payment amount and manually post a discount to a discount account.

Create a credit memo for the discount amount and apply it to the invoice.

Post the full payment and then write off the discount as bad debt.

Enter the full invoice amount in the journal and apply the payment, allowing the system to calculate the discount.

What is the purpose of the 'Applies-to ID' field on a payment journal line?

To specify the G/L account to post to

To specify the bank account used for the payment

To specify the document number of the payment

To specify the invoice or document to which the payment is applied

What is the purpose of reversing a posted journal in Business Central?

To move the entry to a different period

To change the original entry's date

To create a new entry that cancels the original entry

What does 'applying' a ledger entry mean in Business Central?

Deleting an entry from the ledger

Linking a payment to an open invoice

Posting a journal to the general ledger

A company pays the same rent amount to the same vendor on the first of every month. The accountant wants to automate this recurring payment. What should the accountant do?

Set up a bank transfer template and run it monthly.

Create a standing purchase order for the rent and post it monthly.

Set up a recurring journal with the vendor, amount, and a recurring frequency of monthly.

Use a payment journal and manually copy the line each month.

Microsoft Certified:Dynamics 365 Business Central Functional Consultant Associate

Domain 4Objective 5

Process Journals and Payments MB-800 Practice Questions (Page 8)

Part of the Perform Business Central operations domain, which accounts for 30–35% of the MB-800 exam. Microsoft does not publish an official question count, but from its 100-minute exam (~40–65 total, ~12–23 in this domain), expect 2–3 from this objective — we provide 47 practice questions to prepare you well beyond it. (estimate)

47questions here

10free pages

11concepts

30–35%of the exam

Questions 36–40

36application · medium
A company receives a customer payment that includes a discount for early payment. The accountant wants to record the payment and the discount in the Cash Receipt Journal. What should the accountant do?
Select an answer first
37foundation · easy
What is the purpose of the 'Applies-to ID' field on a payment journal line?
Select an answer first
38foundation · easy
What is the purpose of reversing a posted journal in Business Central?
Select an answer first
39foundation · easy
What does 'applying' a ledger entry mean in Business Central?
Select an answer first
40application · medium
A company pays the same rent amount to the same vendor on the first of every month. The accountant wants to automate this recurring payment. What should the accountant do?
Select an answer first

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