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NEW QUESTION: 1
The loss from an uncollectible account is
A. an asset
B. a reduction in revenue
C. a regular expense of doing business
D. a liability
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The benefit from selling on credit to customers far outweighs the cost of losses from uncollectible accounts. These losses are a regular expense of doing business.

NEW QUESTION: 2
You are a functional consultant for Contoso Entertainment System USA (USMF).
USMF recently opened a new bank account in the Brazilian currency.
You need to create a new bank account in the system for the new bank account.
To complete this task, sign in to the Dynamics 365 portal.
Answer:
Explanation:
See explanation below.
Explanation
1. Create a new bank account at Cash and bank management > Bank accounts > Bank accounts.
2. Complete all required fields. The following list includes some fields that might be required.
* Bank account (code)
* Bank account number
* Main account - This is the general ledger account that is used for posting.
* Currency
* SWIFT code
3. Enter Brazil-specific information:
* Select Bank in the Bank groups field. Confirm that the BIC and Corr. Bank account fields are correct.
* Also, confirm Address and Contact information on respective FastTabs and update accordingly.
* Define the number series for payment order generation in the P/O numeration field.
* For bank accounts in foreign currency, you can also define .docx templates for generation of payment orders in paper format in the following fields: Payment order in currency, Order template (currency sale), and Order template (currency purchase).
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/localizations/rus-local-settings-requisites-bank-module

NEW QUESTION: 3
Which of the following logistic processes are involved in asset acquisition with materials management (MM)?
There are 3 correct answers to this question.
Response:
A. Goods receipt
B. Inventory receipt
C. Purchase requisition
D. Purchase order
Answer: A,C,D