Microsoft Dynamics NAV 5.0 Financials Set 5

In regard to applying entries after posting, which of the following statements is TRUE?

 

Which of the following are available interest calculation methods for finance charge terms? Choose the 2 that apply.

In order to reverse Vendor Ledger Entries, the following must be true: Choose the 3 that apply.

There are several Balancing fields that are available to track the application at the bottom of the Apply Vendor Entries window. Mark the fields that are balancing fields. Choose the 3 that apply.

Entering the payment amount in the Payment Journal window before applying the entries in the Apply Vendor Entries window enables the program to calculate and warn you about the possibility of which of the following? Choose the 2 that apply.

In the Apply Customer Entries window, which of the tabs must contain an entry so that you are allowed to post?

You are about to post payment of a vendor's invoice, two days past the payment discount date. Your vendor has agreed to still give you the discount. What must you do to have Microsoft Dynamics NAV accept the discounted amount when you post the payment?

In a cash receipt journal, you have entered a payment of EUR -25,000.00. You now want to apply this payment to two customer ledger entries of EUR 15,000.00 and USD 9,000.00. Which option must you select in the Appln. between Currencies field in the Sales & Receivables Setup window to be able to apply these entries?

When applying a payment to an outstanding invoice after both items have been posted, you must go into the customer ledger entries and use the "Functions," "Apply Entries" function. When you select the function "Post Application," what date does the system use as a default for the posting date of the entries?

London Postmasters has limited funds available for paying its vendors, therefore; on each vendor card, the company has entered a number from 1 to 3 in the "Priority" field. What have they specified?