Exam MB-800 topic 2 question 18 discussion

Currency for the Bank if it is the Default currency of the company you leave the currency code blank.

Currency Code should be blank.

I believe it is correct. USD needs to be selected. Reason here is that a blank will do more than just using LCY. Bank accounts work differently depending on whether a currency code is specified: If the currency code is blank All transactions in the bank account are in the local currency (LCY) for the current company. If a transaction is made to the account in another currency, the amounts are posted to the account in LCY based on the relevant currency exchange rate. Any checks issued from this account must be issued in LCY. If the bank account is used in a journal, the journal line will automatically inherit the blank currency code. Currency code is specified All transactions made to and checks issued from this account must be in the same currency as specified on the account. Hence if you ONLY want USD to be used on the account you need to select USD not <blank> Source: https://learn.microsoft.com/en-us/dynamics365/business-central/bank-how-setup-bank-accounts

Confusing about the currency here based on a poor description. Here is what we know: The local currency code (LCY) for the company is set to US dollars ($) ✑ Use US dollars. "US Dollars" is used in both sentences, meaning we can leave it blank. However, if it said "Use USD" we would be in a tricky situation since the LCY is set to US Dollars and we would probably have to select USD for the currency code. (I'm referig to the LCY Code in the General Ledger Setup). In theory, this means that you could use the currency "paper" by leaving the currency code blank IF the LCY Code is "paper" in the general ledger setup. In some of these questions you really have to study the text.

blanco y 9075

1a 2a correct

if a currency code is described as LCY in general Ledger setup example as USD and Symbol as $ then at time of creating bank account you will not find that currency in Currency code list this means you can leave it Blank. So the correct answer would be BLANK in my opinion.

US dollar is local currency then It should be blank.

I think this question is a littel bit tricky...! In my exam last week the same question was raised. I thin "USD" as the currency code is correct because the question has $ as LCY mentioned and not "USD". Therfore you have to set the currency code in the bank account to "USD". If the currency code in the LCY would be "USD" then it would be "blank" in the bank account.

Currency for bank should be blank. https://docs.microsoft.com/en-AU/dynamics365/business-central/bank-how-setup-bank-accounts

In business central, leaving the currency code field as blank means you're using the local currency for that entry/record.

Currency code needs to be blank as the Company currency is USD and generally no point of maintain exchange rate of the local currency.

I think currency code must be blank because is the local currency.

The currency code is USD. The requirement is that the Bank Account must be a US Dollar account, even though the company LCY is US Dollars too. The currency code cannot be blank.

I also think Currency Code should be left blank, but there isn't actually a currency code field on the bank account card. Any idea what/where they're referring to?

Currency Code should be blank