Question 74 of 150 from exam MB-310: Microsoft Dynamics 365 Finance Functional Consultant

Question 74 of 150 from exam MB-310: Microsoft Dynamics 365 Finance Functional Consultant

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Question

HOTSPOT - A company sells goods to a customer.

You enter an invoice for the customer on June 25

The invoice is eligible for a cash discount of two percent if it is paid in five days, and a discount of one percent if it paid in 14 days.

You need to create a payment journal when the invoices are settled on specific dates.

Which setup options should you use? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

Hot Area:

Answer Area Payment date Settlement amount June 29 v [The payment for invoice TH10 is $1.000.00. No cash discount is taken The payment for invoice TH10 is $980.00. A cash discount of 2 percent is taken [The payment for invoice TH10 is $990.00. A cash discount of 1 percent is taken July 1 v [The payment for invoice TH10 is $990.00. A cash discount of 1 percent is taken The payment for invoice TH10 is $1.000.00. No cash discount is taken ‘The payment for invoice THi0 is $980.00. A cash discount of 2 percent is taken

Explanations

Answer Area Payment date Settlement amount June 29 v [The payment for invoice TH10 is $1.000.00. No cash discount is taken [The payment for invoice TH10 is $980.00. A cash discount of 2 percent is taken The payment for invoice TH10 is $990.00. A cash discount of 1 percent is taken July 1 v [The payment for invoice TH10 is $990.00. A cash discount of 1 percent is taken The payment for invoice TH10 is $1.000.00. No cash discount is taken ‘The payment for invoice THi0 is $980.00. A cash discount of 2 percent is taken
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