Learn how to enable the application of ledger entries in different currencies in Microsoft Dynamics 365 Business Central. Perfect for MB-800 exam prep, this step-by-step guide explains how to manage foreign currency payments effectively in your business processes.
Table of Contents
Question
Your company uses Microsoft Dynamics 365 Business Central for its financial processes. Your company wants to handle payments in foreign currencies.
You need to set up a feature that will allow the company to handle payments in foreign currencies.
What should you do?
A. Set Up Multiple Interest Rates
B. Set Up Invoice Rounding
C. Enable Application of Ledger Entries in Different Currencies
D. Set Up Cash Customers
Answer
C. Enable Application of Ledger Entries in Different Currencies
Explanation
Enabling Application of Ledger Entries in Different Currencies allows the company to handle payments in foreign currencies. Setting Up Multiple Interest Rates is incorrect because it defines different interest rates for different periods for delayed payments in trade transactions. Setting Up Invoice Rounding is incorrect because it arranges for amounts to be automatically rounded as invoices are created. Setting Up Cash Customers is incorrect because it enables invoicing of customers not set up in the system.
Microsoft Dynamics 365 Business Central Functional Consultant MB-800 certification exam assessment practice question and answer (Q&A) dump including multiple choice questions (MCQ) and objective type questions, with detail explanation and reference available free, helpful to pass the Microsoft Dynamics 365 Business Central Functional Consultant MB-800 exam and earn Microsoft Dynamics 365 Business Central Functional Consultant MB-800 certification.