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Microsoft

MB-310 · Question #379

A company uses Dynamics 365 Finance for their accounts payable processing. One vendor offers a special installment term which allows the company to invoice with three equal installment payments. The…

The correct answer is D. Net120 term of payment and a 60-90-120 payment schedule. Multiple payment terms example -- Net 30/60/90/120. This particular terms means customer can pay in four installments -- the first installment is due in 30 days and the last installment is due 120 Note: Net payment terms come with a number - generally 30, 60, or 90, but…

Implement and manage accounts payable and expenses

Question

A company uses Dynamics 365 Finance for their accounts payable processing. One vendor offers a special installment term which allows the company to invoice with three equal installment payments. The first payment is due 60 days after the invoice date. The second payment is due 90 days after the invoice date. The last payment is due 120 days after the invoice date. The company pays their invoice on the due date to take advantage of the terms. You need to configure the terms of payment and payment schedule for the vendor master record. How should you configure and assign the vendor master record?

Options

  • ANet0 or due on invoice date term of payment and a 60-90-120 payment schedule
  • BNet90 term of payment and a 30-60-90 payment schedule
  • CNet60 term of payment and a 30-60-90 payment schedule
  • DNet120 term of payment and a 60-90-120 payment schedule

How the community answered

(42 responses)
  • A
    7% (3)
  • B
    2% (1)
  • C
    10% (4)
  • D
    81% (34)

Explanation

Multiple payment terms example -- Net 30/60/90/120. This particular terms means customer can pay in four installments -- the first installment is due in 30 days and the last installment is due 120 Note: Net payment terms come with a number - generally 30, 60, or 90, but sometimes as high as 180 - which refers to the amount of days the buyer has to pay up. Here, the term "net" simply means that payment is due within the timeframe specified - without any discounts or deductions https://community.dynamics.com/forums/thread/details/?threadid=b6c82ddc-5269-4fc8-a523-

Topics

#terms of payment#payment schedule#installment#vendor master

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