Question

Which of the following objects are relevant to the dunning program configuration?

There are 3 correct answers to this question.

1) Dunning levels
2) Expenses or charges
3) Minimum amounts
4) Bank selection

Answer 1

Relevant objects to the dunning program configuration include dunning levels, expenses or charges, and minimum amounts. These components help define the actions and penalties in the collections process for overdue invoices.

Step-by-step explanation:

The question refers to the configuration of a dunning program, which is relevant in the field of accounting and finance in a business context.

The objects relevant to the dunning program configuration include the following:

1. Dunning levels: These define the severity or stage of the collections process for overdue invoices. Each level typically corresponds to specific actions that will be taken or communications sent to the debtor.
2. Expenses or charges: This refers to any additional fees or charges that may be applied to the outstanding amount owed by a customer as a result of late payment.
3. Minimum amounts: The smallest amount of debt that will trigger the dunning process. This ensures that the dunning efforts are directed toward significant outstanding amounts.

'Bank selection' is not typically directly related to dunning configuration but relates to banking and payment configurations within a financial system.