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Exam MB-310 topic 3 question 1 discussion

Actual exam question from Microsoft's MB-310
Question #: 1
Topic #: 3
[All MB-310 Questions]

SIMULATION -
You are a functional consultant for Contoso Entertainment System USA (USMF).
You need to automate the allocation of a prepaid expense of 2 percent of all product sales. The allocation must be posted to account number 222222.
To complete this task, sign in to the Dynamics 365 portal.

Show Suggested Answer Hide Answer
Suggested Answer: See explanation below.
You need to configure a prepayment percentage for all items. The instructions below are for a single item. For this question, you need to select 'All' for all items, enter 2 in the percentage field and select account number 222222 in the account field.
To set up prepayment percentages for items, customers, and vendors
For an item, you can set up a default prepayment percentage for all customers, a specific customer, or a customer price group.

1. Choose the
icon, enter Items, and then choose the related link.
2. Select an item, and then choose the Prepayment Percentages action.
3. On the Sales Prepayment Percentages page, fill in the fields as necessary. Hover over a field to read a short description.
Reference:
https://docs.microsoft.com/en-gb/dynamics365/business-central/finance-set-up-prepayments
by Jay28 at Dec. 3, 2020, 2:39 p.m.

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Alice9
4 months, 3 weeks ago
This sounds like it requires a ledger allocation rule: https://learn.microsoft.com/en-us/dynamics365/finance/general-ledger/ledger-allocation-rules There is a similar rule for Tax accrual with mathematical operation. It would be similar except different source and destination accounts, and multiply by 0.02 instead of 0.34
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BenLearn
1 year ago
Here you find the proper solution: https://docs.microsoft.com/en-us/dynamics365/finance/accounts-receivable/customer-prepayments - Create a customer posting profile for prepayments. - Set the Posting profile with prepayment journal voucher parameter. (Accounts receivable > Setup > Accounts receivable parameters)
upvoted 1 times
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Marrgita
2 years, 4 months ago
Agree, this answer doesn't seem right. I do this using Main account/Legal entity overrides_Allocation term. Question isn't about prepayment, but about prepaid expenses.
upvoted 2 times
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Jay28
2 years, 5 months ago
Answer doesn't seem right and link is for Business Central.
upvoted 2 times
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