Microsoft
MB7-701 · Question #94
To set up payment tolerance for vendors, you can add and assign specific G/L accounts to the Vendor Posting Groups. If you do not use payment tolerance for all vendors, what additional steps do you…
The correct answer is B. Select the Block Payment Tolerance check box on selected vendors. D. In General Ledger Setup, specify the Payment Tolerance Percents and Maximum Amounts. See the full explanation below for the reasoning.
Question
To set up payment tolerance for vendors, you can add and assign specific G/L accounts to the Vendor Posting Groups. If you do not use payment tolerance for all vendors, what additional steps do you complete to set up payment tolerance? Choose the 2 that apply.
Options
- AIn Purchases & Payables Setup, specify the Payment Tolerance Percents and Maximum Amounts.
- BSelect the Block Payment Tolerance check box on selected vendors.
- CSelect the Enable Payment Tolerance check box on selected vendors.
- DIn General Ledger Setup, specify the Payment Tolerance Percents and Maximum Amounts.
How the community answered
(48 responses)- A6% (3)
- B81% (39)
- C13% (6)
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