Microsoft Exam MB-310 Topic 3 Question 99 Discussion

Actual exam question for Microsoft's MB-310 exam

Question #: 99
Topic #: 3

You maintain account control and bank balances for a company. You have a $100,000 credit limit from a bank. You must prevent the bank account from going below the defined credit limit when a transaction is posted. You need to configure the bank account credit limit. What should you do?

AAdd $100,000 in the bank credit limit.

BDefine a credit limit of $100,000 on the invoicing vendor account.

CSet the Control Balance option to credit in the General ledger account associated with the bank account.

DAdd -$100,000 in the bank credit limit.

Show Suggested Answer

Suggested Answer: D

by Trevor at Jul 12, 2024, 05:19 PM

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Isadora

4 months ago

D) Add -$100,000 in the bank credit limit. Wait, what? Negative limits? Is this some kind of bank magic trick?

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Jannette

2 months ago

Marylyn: Exactly, it's a way to prevent overdrafts on the account.

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Lynelle

2 months ago

That makes sense. It ensures the bank account doesn't go below the defined credit limit.

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Marylyn

2 months ago

Marylyn is right. You should set the Control Balance option to credit in the General ledger account.

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Camellia

3 months ago

No, you don't add a negative amount to the credit limit.

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Jennifer

4 months ago

C) Set the Control Balance option to credit in the General ledger account associated with the bank account. Boom, got it! Easy peasy.

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Hollis

3 months ago

Yeah, you just need to set the Control Balance option to credit in the General ledger account.

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Taryn

3 months ago

Did you figure out how to configure the bank account credit limit?

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Gail

4 months ago

I see your point, setting the Control Balance option to credit is the best choice.

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Henriette

4 months ago

I don't think so, because that would increase the credit limit, not prevent it from going below.

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Sabine

4 months ago

But wouldn't adding $100,000 in the bank credit limit also work?

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Gail

4 months ago

I agree with Henriette, setting the Control Balance option to credit makes sense.

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Tiara

4 months ago

A) Add $100,000 in the bank credit limit. Duh, it's right there in the question! How hard can this be?

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Brynn

4 months ago

D) Add -$100,000 in the bank credit limit.

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Eva

4 months ago

A) Add $100,000 in the bank credit limit. Duh, it's right there in the question! How hard can this be?

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In

4 months ago

C) Set the Control Balance option to credit in the General ledger account associated with the bank account.

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Jani

4 months ago

B) Define a credit limit of $100,000 on the invoicing vendor account.

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Henriette

5 months ago

I think the answer is C.

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