Microsoft Dynamics 365 Finance — Question 69

A company has implemented Dynamics 365 Finance.

The company has three different banks where they hold funds. Each bank holds three separate accounts, totaling nine accounts for the company. The system must use default the bank information when a new account is created. All bank balances for a single bank account must be updated simultaneously.

You need to configure the system.

Which two entities should you use? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

Answer options

• A. bank account
• B. bank reasons
• C. bank reconciliation
• D. bank group

Correct answer: A, D

Explanation

The correct entities to configure are 'bank account' and 'bank group.' The 'bank account' entity allows for the management of individual accounts, while the 'bank group' enables the categorization of multiple accounts under a single bank, ensuring simultaneous updates of balances. The other options, 'bank reasons' and 'bank reconciliation,' do not pertain to the required configuration for this scenario.