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MB6-702 · Question #33

You need to generate a vendor prepayment in a payment journal. Which two processes should you complete before posting a prepayment? Each correct answer presents part of the solution.

The correct answer is B. Set up a prepayment in a purchase order. C. Create a payment journal for the prepayment. B: The first step toward simplifying the prepayment process is by creating a purchase order C: After creating the prepayment and posting the prepayment invoice, it's now time to make a payment. To do so, first create a Payment Journal, mark the prepayment amount, and then post

Set up and Configure Accounts Payable

Question

You need to generate a vendor prepayment in a payment journal. Which two processes should you complete before posting a prepayment? Each correct answer presents part of the solution.

Options

  • ASet up a prepayment posting profile.
  • BSet up a prepayment in a purchase order.
  • CCreate a payment journal for the prepayment.
  • DCreate a vendor invoice for the prepayment.

How the community answered

(21 responses)
  • A
    10% (2)
  • B
    71% (15)
  • D
    19% (4)

Explanation

B: The first step toward simplifying the prepayment process is by creating a purchase order C: After creating the prepayment and posting the prepayment invoice, it's now time to make a payment. To do so, first create a Payment Journal, mark the prepayment amount, and then post

Topics

#vendor prepayment#prepayment posting profile#payment journal#purchase order

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