MB-310 practice questions 31–40

1. Question 31 · 205 in bank

   You need to configure settings to resolve User8's issue. What should you select?

   • Aa main account in the sales tax payable field
   • Ba main account in the settlement account field
   • Cthe Conditional sales tax checkbox
   • Dthe Standard sales tax checkbox

   Show answer

   Answer: B

   Next question

2. Question 32 · 205 in bank

   Select 3

   A company is preparing to complete a year-end close process. You need to configure the Dynamics 365 Finance general ledger module. Which three configurations actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

   • AConfigure the Fiscal year close parameters
   • BConfigure the ledger calendar for the new fiscal year
   • CSet up the year end close template
   • DValidate the main account type
   • ECreate the next fiscal year

   Show answer

   Answer: ADE

   Next question

3. Question 33 · 205 in bank

   You are the controller for an organization. The company purchased six service trucks. You observe that your accountant set up Fixed assets `" vehicles in the wrong fixed asset group. You need to achieve the following: ✑ Change the fixed asset group so that the existing fixed asset transactions for the original fixed asset are canceled and regenerated for the new fixed asset. ✑ Ensure that all books for the existing fixed asset are created for the new fixed asset. Any information that was set up for the original fixed asset is copied to the new fixed asset. ✑ Close the old fixed asset number in the old fixed assets group and create a new fixed asset number in the new fixed assets group. ✑ Ensure that the historical transactions are transferred to the new fixed asset. ✑ Ensure Historical Depreciation expense entries do not change. What should you do?

   • AReclassify the fixed asset
   • BChange the fixed asset group and keep the same fixed asset number
   • CCopy the fixed asset
   • DTransfer the fixed assets

   Show answer

   Answer: A

   Next question

4. Question 34 · 205 in bank

   A client has unique accounting needs that sometimes require posting definitions. You need to implement posting definitions. In which situation should you implement posting definitions?

   • Awhen financial dimensions need to default from the vendor record onto an invoice
   • Bwhen only certain dimensions are allowed to post with certain main account combinations
   • Cwhen creating multiple balanced ledger entries based on transaction types or accounts
   • Dwhen the system needs to automatically post a transaction to the accounts receivable account on invoice posting

   Show answer

   Answer: C

   Next question

5. Question 35 · 205 in bank

   Select 2

   You are configuring the Fixed assets module for a Dynamics 365 Finance environment. You need to create a fixed asset. Which two settings are required? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

   • Athe property type
   • Bthe group
   • Cthe number sequence
   • Dthe type
   • Ethe name

   Show answer

   Answer: BC

   Next question

6. Question 36 · 205 in bank

   A company uses Dynamics 365 Finance to manage budgets. You need to reallocate funds during the year. Which budget code should you use?

   • ACarry-forward
   • BZero-based
   • CPre-encumbrance
   • DTransfer

   Show answer

   Answer: D

   Next question

7. Question 37 · 205 in bank

   Select 2

   QUESTION NO: 86 - You are setting up the Accounts payable module and vendor invoice policies for an organization. You need to set up vendor invoice policies that run when vendor invoices are posted in the system. In which two ways can you set up the policies? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

   • ASet up invoice matching validation for vendor invoice policy.
   • BConfigure the vendor invoice workflow to run the policies.
   • CRun the policies when you post a vendor invoice by using the Vendor invoice page and when you open the Vendor invoice policy violations page.
   • DApply the policies to invoices that were created in the invoice register or invoice journal.

   Show answer

   Answer: BC

   Next question

8. Question 38 · 205 in bank

   Select 3

   You need to view the results of Fourth Coffee Holding Company's consolidation. Which three places show the results of financial consolidation? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

   • Aa financial report run against the company Fourth Coffee
   • Ba trial balance in the Fourth Coffee Holding Company
   • Ca trial balance in the company Fourth Coffee
   • Da financial report run against the Fourth Coffee Holding Company
   • Ethe consolidations form in Fourth Coffee Holding Company

   Show answer

   Answer: BDE

   Next question

9. Question 39 · 205 in bank

   You need to configure the posting groups for Humongous Insurance s subsidiary. Which ledger posting group field should you use?

   • ASales tax payable
   • BSales tax receivable
   • CCustomer case discount
   • DUse tax payable
   • EUse tax expense

   Show answer

   Answer: D

   Next question

10. Question 40 · 205 in bank

    A client is implementing Accounts payable. The client wants to establish three-way matching for 100 of their 5,000 stocked items from a specific vendor. The client requires the ability to have items that require only two-way matching and specific items that require three-way matching. You need to configure the system in the most efficient manner to achieve these requirements. What should you do?

    • AConfigure a company matching policy of a three-way match
    • BConfigure a company matching policy of non-required and specify the items that require a three-way match
    • CConfigure a company matching policy of two-way matching and set the matching policy for specific item and vendor combination level to three-way matching
    • DConfigure a company matching policy of two-way matching and specify the items that require a three-way match
    • EConfigure a company matching policy of two-way matching and specify the vendors that require a three-way match

    Show answer

    Answer: C

    Next question

Keyboard:J Kmove between questionsA–Dselect an answerRshow or hide the answer← →change page

MB-310 practice, question 31. 205 questions available.