Exam MB-310 topic 2 question 47 discussion

Actual exam question from Microsoft's MB-310

Question #: 47
Topic #: 2

A company uses Dynamics 365 Finance. The company accepts customer payments in installments.

You must configure the number of installments, the amount of each installment, and a due date of each installment for a payment schedule to determine the revenue allocation for each month. You must provide the total revenue amounts allocated over a period for a specific payment.

You need to configure the system to allocate the total outstanding amount of an invoice.

What should you configure?

A. Terms of payment.
B. Payment days.
C. A payment schedule with a method of allocation set to Fixed amount.
D. A payment schedule with a method of allocation set to Total.

Show Suggested Answer

Suggested Answer: D 🗳️

by globeearth at April 26, 2025, 11:42 a.m.

Comments

Submit Cancel

Ken234

1 week, 5 days ago

Selected Answer: C

C- Agree with below. Total installment is not really and installment plan. Its the full invoice amount due at one

upvoted 1 times

Ken234

1 week, 5 days ago

take back what I said. misread "system to allocate the total outstanding amount of an invoice" so D is correct.

upvoted 1 times

...

globeearth

1 month, 1 week ago

Selected Answer: C

C. A payment schedule with a method of allocation set to Fixed amount: A payment schedule (Accounts receivable > Setup > Payment schedules) defines how an invoice’s total amount is split into installments. It includes: Number of installments (e.g., 6 payments). Amount of each installment (via allocation method). Due dates (based on intervals, e.g., monthly). It cannot be Total: Allocates the entire invoice amount to a single installment or period, effectively treating the payment as a single due amount rather than splitting it.

upvoted 1 times

...