MB-920 Describe Dynamics 365 Finance Practice Question
Your organization is configuring Accounts payable in Dynamics 365 Finance. You need to set up vendor posting profiles. Which THREE components are part of a vendor posting profile?
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Summary account
(Summary account) is correct because it represents the main vendor balance account in the vendor posting profile. Option B (Discount account) is correct because it is used to post cash discounts taken on vendor payments. Option C (Settlement account) is correct because it is used for payment settlement transactions. Option D (Inventory account) is incorrect because inventory posting is handled through inventory posting profiles, not vendor posting profiles. Option E (Accounts receivable account) is incorrect because accounts receivable accounts are used for customer balances, not vendor balances.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Summary account
Why this is correct
Correct: The summary account is for vendor balances.
- ✓
Discount account
Why this is correct
Correct: The discount account is used for cash discounts.
- ✓
Settlement account
Why this is correct
Correct: The settlement account is used for payment settlements.
- ✗
Inventory account
Why it's wrong here
Incorrect: Inventory accounts are part of inventory posting profiles.
- ✗
Accounts receivable account
Why it's wrong here
Incorrect: AR accounts are for customers, not vendors.
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This MB-920 practice question is part of Courseiva's free Microsoft certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the MB-920 exam.