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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?
Suggested Answer: D
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37 comments · newest first
ME
Merilyn
11 months ago
Totally agree, A is the best choice here!
SH
Sherell
11 months ago
Wait, why would you add -$100,000? That sounds off.
ED
Edelmira
11 months ago
Control Balance option is the way to go!
MA
Martha
12 months ago
I think defining it on the vendor account makes more sense.
TO
Tomas
12 months ago
Just set the credit limit to $100,000. Simple!
MO
Mozell
1 year ago
I practiced a question like this, and I think B could be correct since it talks about defining a limit on the vendor account, but I’m not confident.
JO
Jonelle
1 year ago
I'm leaning towards D because it mentions adding a negative limit, but I can't recall if that's the right way to set a credit limit.
MO
Monte
1 year ago
I remember a similar question where we had to set limits, and I feel like option C could be relevant since it mentions the General ledger account.
MA
Matthew
1 year ago
I think the answer might be A, but I'm not entirely sure if just adding the credit limit is enough to prevent going below it.
AL
Alida
1 year ago
I'm pretty confident that option A is the correct answer here. Adding the $100,000 credit limit directly to the bank account is the best way to prevent it from going below the defined limit.
KA
Kathryn
1 year ago
I'm a little confused - do I need to add a negative value to the bank credit limit? That doesn't seem right to me.
RA
Rachael
1 year ago
Okay, let me think this through. I need to prevent the bank account from going below the credit limit, so I think setting the Control Balance option to credit in the general ledger account is the way to go.
CU
Curt
1 year ago
Hmm, I'm a bit unsure about this one. Should I be looking at the invoicing vendor account or the general ledger account instead?
OM
Omega
1 year ago
This seems straightforward - I'd go with option A and add the $100,000 credit limit to the bank account.
LE
Leonida
1 year ago
I've got a strategy for this. I'll eliminate the options that are clearly related to content strategy, and then the remaining one must be the answer.
GL
Gladys
1 year ago
This looks like a networking configuration issue. I'll need to carefully review the exhibits to understand the current setup and then consider each option to determine the best solution.
MA
Maybelle
1 year ago
I'm a bit unsure about this one. Obtaining an Azure Resource Manager access token seems like it could be tricky. I'll need to review the documentation on that.
CH
Cherelle
1 year ago
I'm a bit confused here. Is OnLoad the right choice since the screen is loading? Or is OnSelect better since the user is interacting with a button?
AL
Alease
2 years ago
That's a good point. So, setting the Control Balance option to credit might actually be the correct answer after all.
LI
Lisandra
2 years ago
But wouldn't that mean we are reducing the credit limit by $100,000 instead of preventing it from going below the limit?
RO
Ronnie
2 years ago
I'm not sure. Adding -$100,000 in the bank credit limit sounds like a better option to me. So, I think the answer is D.
AL
Alease
2 years ago
I disagree. I believe the answer is C. Setting the Control Balance option to credit makes more sense.
LI
Lisandra
2 years ago
I think the answer is A. We should add $100,000 in the bank credit limit.
CA
Carman
2 years ago
I think adding $100,000 in the bank credit limit would be the most straightforward solution.
TA
Tammi
2 years ago
But wouldn't it be better to define a credit limit on the invoicing vendor account instead?
KE
Kenneth
2 years ago
I agree with Elizabeth. That seems like the correct way to configure the bank account credit limit.
EL
Elizabeth
3 years ago
I think we should set the Control Balance option to credit in the General ledger account.
CA
Carma
3 years ago
Haha, I love how we're all just throwing out different answers and hoping one of them is right. Hey, what about D) Add -$100,000 in the bank credit limit? That's gotta be a trick question, right?
RI
Rikki
3 years ago
Hey, what about D) Add -$100,000 in the bank credit limit? That's gotta be a trick question, right?
CH
Chanel
3 years ago
Haha, I love how we're all just throwing out different answers and hoping one of them is right.
LO
Loren
3 years ago
D) Add -$100,000 in the bank credit limit.
FE
Fernanda
3 years ago
C) Set the Control Balance option to credit in the General ledger account associated with the bank account.
RA
Raina
3 years ago
B) Define a credit limit of $100,000 on the invoicing vendor account.
JE
Jettie
3 years ago
A) Add $100,000 in the bank credit limit.
LE
Leah
3 years ago
Hmm, I don't know. I was thinking C) Set the Control Balance option to credit in the General ledger account associated with the bank account might work too. That way you could maintain the credit limit without actually adding money to the account.
RI
Ricarda
3 years ago
I'm not so sure about that. What if the question is asking about setting up a credit limit on an invoicing vendor account? In that case, I'd say B) Define a credit limit of $100,000 on the invoicing vendor account might be the right answer.
CH
Charlena
3 years ago
This question seems pretty straightforward. I think the answer is A) Add $100,000 in the bank credit limit. That's the most logical way to prevent the account from going below the defined credit limit.