A customer has multiple open invoices and makes a payment that is less than the total outstanding amount. You want to apply the payment to the oldest invoice first. What should you do?

Post the payment without applying it and then use the 'Apply Entries' function later

Manually apply the payment to the oldest invoice in the Payment Registration page

Use the 'Apply to Oldest Entry' setting in the Sales & Receivables Setup and post the payment

Create a credit memo for the difference and apply it to the oldest invoice

In Dynamics 365 Business Central, where do you specify the default payment terms for a customer, such as Net 30?

In the Sales & Receivables Setup page

On the Payments FastTab of the Customer Card

In the General Ledger Setup page

In the Payment Registration journal

Which of the following is a prerequisite for using the Payment Registration feature in Dynamics 365 Business Central?

A payment method code must be assigned to all customers

A bank account must be set up and the 'Payment Registration' toggle must be enabled in Sales & Receivables Setup

The general ledger must be fully reconciled before using Payment Registration

All customers must have a customer bank account defined

You want to use Payment Registration to record payments, but you also need to ensure that payments are posted to the correct bank account. You have multiple bank accounts. What should you do?

Set the default bank account on the customer card.

Use the Cash Receipt Journal instead, because it allows you to select a bank account on each line.

Select the correct bank account in the Payment Registration page before entering payments.

Set the default bank account in the Sales & Receivables Setup.

Microsoft Certified:Dynamics 365 Business Central Functional Consultant Associate

Domain 2Objective 6

Set up Accounts Receivables MB-800 Practice Questions (Page 4)

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

29questions here

6free pages

6concepts

30–35%of the exam

Questions 16–20

16application · medium
A customer has multiple open invoices and makes a payment that is less than the total outstanding amount. You want to apply the payment to the oldest invoice first. What should you do?
Select an answer first
17foundation · easy
In Dynamics 365 Business Central, where do you specify the default payment terms for a customer, such as Net 30?
Select an answer first
18application · medium
Your company wants to automatically apply customer payments to the oldest open invoices first. You are configuring the Sales & Receivables Setup. Which setting should you enable?
Select an answer first
19foundation · easy
Which of the following is a prerequisite for using the Payment Registration feature in Dynamics 365 Business Central?
Select an answer first
20expert · hard
You want to use Payment Registration to record payments, but you also need to ensure that payments are posted to the correct bank account. You have multiple bank accounts. What should you do?
Select an answer first

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