MB-310 practice questions 61–70

1. Question 61 · 205 in bank

   An organization uses Dynamics 365 Finance. Several posted journal entries contain invalid main account and dimension combinations. This leads to incorrect financial reporting. You need to prevent these invalid combinations. What should you do?

   • AConfigure the account structure to specify which financial dimensions are valid for which main accounts.
   • BTrain users to select the Validate button in the current journal configuration so that the correct account and dimension combination is used.
   • CConfigure financial dimension sets to limit which financial dimensions are valid for which main accounts.
   • DAssociate the correct main accounts to that financial dimension on the financial dimension setup form.

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   Answer: A

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2. Question 62 · 205 in bank

   Select 2

   You are setting up the yearly budget for an organization for the year 2019. You need to set up the budget register entries. Which two fields must be set up when creating register entries? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

   • ABudget cycle
   • BBudget manager
   • CBudget code
   • DBudget model

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   Answer: CD

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3. Question 63 · 205 in bank

   Select 2

   You are configuring the Accounts payable module for a company. The company needs to set a limit on the charges they will pay for specific items. You need to set up the limit for charges. Which two actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

   • AEnable invoice matching validation in the Accounts payable parameters
   • BEnter the maximum amount when you set up the charges code
   • CUse budget control with the specified charges code
   • DSet the maximum charge amount in the Accounts payable parameters
   • EDefine the maximum charge amount on the vendor record

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   Answer: AB

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4. Question 64 · 205 in bank

   Select 2

   You are configuring the basic budgeting for a Dynamics 365 Finance environment. You need to configure the types of entries allowed. Which two configurations can you use? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

   • AThe budget register entry journals require both Expense and Revenue amount types.
   • BBudget register entry line needs a main account and amount to be valid.
   • CBudget register entry journals must be allocated across all fiscal periods.
   • DBudget register entry lines must select only one account structure.
   • EThe budget register entries can contain either Expense or Revenue amount types.

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   Answer: DE

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5. Question 65 · 205 in bank

   A company uses Microsoft Dynamics 365 Finance and Dynamics 365 Project Operations. The company must be able to estimate the costs of a project and create a fixed asset by using the project cost estimate. You need to ensure that the company can create a fixed asset from a project. Which project type should you use?

   • ATime and material
   • BCost
   • CInternal
   • DInvestment
   • EFixed price

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   Answer: D

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6. Question 66 · 205 in bank

   Select 3

   A legal entity has locations and customers in multiple states within the United States. You need to ensure that taxable customers are charged sales tax for taxable items in their delivery location. Which three settings must you configure? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

   • Athe Sales tax group on the Customer record
   • Bthe Terms of delivery setup
   • Cthe Item Sales tax group on the Item record
   • Dthe Sales reporting codes
   • Ethe Sales tax codes

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   Answer: ACE

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7. Question 67 · 205 in bank

   A company is preparing to complete yearly budgets. The company plans to use the Budget module in Dynamics 365 Finance for budget management. You need to create the new budgets. What should you do?

   • ACreate budget plans for multiple scenarios.
   • BCreate budget plans to define the revenues for a budget.
   • CCombine previous year budgets into a single budget.

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   Answer: A

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8. Question 68 · 205 in bank

   Select 2

   Your company uses Dynamics 365 Finance. All fixed assets are categorized by asset type. For example, office furniture is sequentially numbered, has the same service life, and uses the same depreciation deduction calculation. You need to configure the system. Which two parameters should you set up? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

   • Adepreciation convention
   • Bderived book
   • Cdepreciation profile
   • Dfixed asset group

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   Answer: CD

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9. Question 69 · 205 in bank

   You are configuring Dynamics 365 Finance. You need to implement posting definitions for all available transaction types. For which type of transactions can you implement posting definitions?

   • AAccounts payable, Accounts receivable, Bank, Budget, Payroll, and Purchasing
   • BAccounts payable, Bank, Budget, Fixed assets, and Payroll
   • CAccounts payable, Accounts receivable, Fixed assets, Payroll, and Purchasing
   • DAccounts payable, Accounts receivable, Budget, and Fixed assets

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   Answer: A

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10. Question 70 · 205 in bank

    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?

    • AAdd גˆ’$100,000 in the bank credit limit.
    • BAdd $100,000 in the bank credit limit.
    • CDefine a credit limit of $100,000 on the invoicing vendor account
    • DSet the Control Balance option to credit in the General ledger account associated with the bank account.

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    Answer: A

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MB-310 practice, question 61. 205 questions available.