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Exam MB-310 topic 2 question 38 discussion

Actual exam question from Microsoft's MB-310
Question #: 38
Topic #: 2
[All MB-310 Questions]

HOTSPOT -

Your company uses Dynamics 365 Finance:

You must record an interest expense that occurs every month: It must be recorded the same way each month. Your manager wants each interest posting to use the number scheme “INT-XXXX”, with XXXX representing a sequential number.

You need to configure the system.

What should you create? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

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Suggested Answer:
by chuechie at June 24, 2023, 12:46 p.m.

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Flo2021
Highly Voted 11 months, 3 weeks ago
1st Answer should be "Voucher template". Accrual schemes are used if accounts used in the Journal are going to be replaced by different accounts during the posting process - which is not the case here. "Posting defintion" doesn't apply neither bcs. the interest is recorced as an expense and not charged to a Customer via interest note.
upvoted 6 times
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globeearth
Most Recent 3 months, 1 week ago
1. A. Voucher template: For a monthly interest expense, a voucher template is ideal because it ensures the same accounts (e.g., Interest Expense and Accounts Payable or Cash) and amounts are used each time, reducing manual entry errors. The template can be applied monthly when creating a new journal line. 2. A. Number sequence for the voucher: A Number sequence for the voucher allows you to define a custom format for voucher numbers in journal entries, such as those created by the accrual scheme. You can set up a sequence with the prefix "INT-" followed by a sequential number (e.g., INT-0001, INT-0002).
upvoted 1 times
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Daniel73847
1 year, 1 month ago
I think the first question should be Accrual schemes, the question is talking about the interest posting recorded in the same way each month
upvoted 1 times
Daniel73847
1 year, 1 month ago
Here is the KB link: https://learn.microsoft.com/en-us/dynamics365/finance/general-ledger/accruals-overview
upvoted 1 times
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Dalgy
1 year, 3 months ago
1st is correct. You can find the Interest note option on the page Transaction posting definition Document type Account receivable
upvoted 1 times
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vbiz
1 year, 3 months ago
I think the first one should be "Accrual scheme"
upvoted 1 times
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chuechie
1 year, 7 months ago
1st answer is accrual scheme
upvoted 2 times
Newb007
1 year, 6 months ago
could be voucher template.. its sort of asking for both. "recorded the same way". but ya the interest payments also.... another classic MS question
upvoted 3 times
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