You have enabled the Bill of exchange feature in Microsoft Dynamics AX. You post a protest bill of exchange to a customer account. Which account type on the customer posting profile should be debited?

Question

Options

• ASettle account
• BSummary account
• CWrite-off account
• DLiabilities for discount account

• A
  76% (42)
• B
  15% (8)
• C
  4% (2)
• D
  5% (3)

Explanation

In the Settle account field, select the cash account to post bill of exchange amounts to. This account is debited when a bill of exchange is settled. Not B: When you post the journal, the protest bill of exchange account is debited, and the bill of exchange summary account is credited. Note: If a customer does not accept a bill of exchange or does not pay it on time, you can use the Protest bill of exchange journal to change the status of the bill of exchange from Drawn to Protested. You can also include a reference to the drawn bill of exchange. If a customer protests a bill of exchange that has already been settled with an invoice, you can change the status of the bill of exchange from Honored to Protested.

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