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MB6-893 · Question #33

You are a credit and collections manager. You receive a check of 20,000 USD from a customer against overdue invoices. However, the bank informs you that the customer funds do not exist, and the…

The correct answer is C. process non-sufficient funds (NSF) payments. https://technet.microsoft.com/en-us/library/aa634902.aspx

Configure Accounts Payable and Accounts Receivable for Public Sector

Question

You are a credit and collections manager. You receive a check of 20,000 USD from a customer against overdue invoices. However, the bank informs you that the customer funds do not exist, and the check does not clear. You need to cancel the payment and charge the customer for this occurrence. What should you do?

Options

  • Awaive, reinstate, or reverse interest and fees
  • Bcreate write-off transactions
  • Cprocess non-sufficient funds (NSF) payments
  • Dset up interest adjustments.

How the community answered

(28 responses)
  • A
    4% (1)
  • B
    4% (1)
  • C
    82% (23)
  • D
    11% (3)

Explanation

https://technet.microsoft.com/en-us/library/aa634902.aspx

Topics

#NSF payments#returned check#payment cancellation#collections

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