You maintain account control and bank balances for a company. You have a $100,000 credit limit from a bank. You must prevent the bank account from going below the defined credit limit when a…

Question

Options

• AAdd $100,000 in the bank credit limit.
• BDefine a credit limit of $100,000 on the invoicing vendor account
• CSet the Control Balance option to credit in the General ledger account associated with the bank

• A
  92% (36)
• B
  5% (2)
• C
  3% (1)

Explanation

Set up a bank account credit limit (see step 7 below). Use the Bank accounts form to enter a valid bank account number, routing type, and routing number, and enter your cash credit or overdraft limit for payment transactions. 1. Click Cash and bank management > Common > Bank accounts. 2. Click Bank account to open the Bank accounts form. 3. In the Bank account field, enter the unique bank account number. Enter the name of the bank in the Name field. 4. In the Routing number type field, select the routing number type as FW, CP, or CH. 5. In the Routing number field, enter the routing number for the bank. The routing number is validated based on the routing type selected. 6. In the Bank account number field, enter a bank account number that contains 7 to 14 digits. 7. In the Credit limit field, enter the credit limit. This is a negative number. 8. Close the form to save your changes. https://docs.microsoft.com/en-us/dynamicsax-2012/appuser-itpro/usa-create-a-payment-journal- and-validate-the-credit-limit-for-a-bank

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