You have an invoice for $10,000. One payment of $3,000 has already posted against this invoice.
You need to allow cash discounts on the $3,000 payment.
Which action should you perform?
A. On the Accounts receivable parameters form, select the Calculate cash discounts for partial payments check box.
B. On the Accounts receivable parameters form, select the Calculate cash discounts for credit notes check box.
C. On the Cash discounts form, define the Discount principle area.
D. On the Accounts receivable parameters form, select the Automatic settlement check box.
Correct Answer: A
Explanation/Reference:
Partial payments with discounts
A customer might make a partial payment, with the intention of making an additional partial payment to fully settle the invoice.
For example, you offer a cash discount that specifies a 2% discount if the invoice is paid within 10 days of being issued. An invoice is posted for 100.00.
If you receive a payment of 49.00 within 10 days, you would enter a credit of 49.00 in a payment journal. The credit amount is shown in the Amount to settle field in the Settle open transactions form. If the Calculate cash discounts for partial payments check box in the Accounts receivable parameters form is selected, the discount is automatically calculated. When you settle the partial payment in the Settle open transactions form, 1.00 is displayed in the Cash discount amount to take field. The discount amount is posted to a cash discount account.
Reference: About partial customer payments [AX 2012]
Incorrect:
Not B: Credit notes with discounts
A customer might return some of the items on an invoice and you issue a credit note. If a discount has previously been taken, you can subtract the value of the discount and refund the correct amount to the customer.
