Which of the following is a required setup for using a payment journal to process vendor payments?

A journal batch with a number series

A vendor bank account for each vendor

A payment discount for each vendor

A general ledger account for each vendor

A vendor has multiple contacts at their company. The accounts payable team needs to send invoice reminders to the vendor's accounts payable department, but purchase orders should go to the purchasing department. How should you configure this in Business Central?

Use the vendor's email address in the General Ledger Setup for all communications.

Set the vendor's primary contact to the AP department and use that for all documents.

Create multiple contact records for the vendor and assign each contact a different role, then use the appropriate contact on documents.

Create a separate vendor card for each department and use the appropriate vendor card for each document type.

A company wants to automatically apply vendor payments to the oldest open invoice first. What setting should be configured in the Purchases & Payables Setup?

Set the 'Apply Payments to Oldest Open Invoices' field to 'Yes'.

Set the 'Payment Method Code' on the vendor card to 'Oldest'.

Set the 'Payment Terms Code' on the vendor card to 'Net 30'.

Set the 'Applies-to ID' field on each payment journal line to the oldest invoice.

A company has a vendor that is both a customer and a vendor. They want to net the balances to reduce the number of payments. What is the correct way to set this up?

Create a bank account that is linked to both the customer and vendor cards.

Use the 'Netting' field on the vendor card to automatically net with customer balances.

Create a single card that is both a customer and a vendor.

Create both a customer card and a vendor card for the same company and manually net the balances in the payment journal.

What is the purpose of the Detailed Vendor Ledger Entries page in Business Central?

To show the individual applications between vendor ledger entries, such as invoice and payment

To post payments to the general ledger

Microsoft Certified:Dynamics 365 Business Central Functional Consultant Associate

Domain 2Objective 5

Set up Accounts Payables MB-800 Practice Questions (Page 6)

Part of the Configure financials 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 35 practice questions to prepare you well beyond it. (estimate)

35questions here

7free pages

8concepts

30–35%of the exam

Questions 26–30

26foundation · easy
Which of the following is a required setup for using a payment journal to process vendor payments?
Select an answer first
27application · medium
A vendor has multiple contacts at their company. The accounts payable team needs to send invoice reminders to the vendor's accounts payable department, but purchase orders should go to the purchasing department. How should you configure this in Business Central?
Select an answer first
28application · medium
A company wants to automatically apply vendor payments to the oldest open invoice first. What setting should be configured in the Purchases & Payables Setup?
Select an answer first
29expert · hard
A company has a vendor that is both a customer and a vendor. They want to net the balances to reduce the number of payments. What is the correct way to set this up?
Select an answer first
30foundation · easy
What is the purpose of the Detailed Vendor Ledger Entries page in Business Central?
Select an answer first

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