DRAG DROP -
You are setting up new customers and items in Dynamics 365 Business Central.
You need to configure the system.
Which posting group should you use? To answer, drag the appropriate posting groups to the correct use cases. Each posting group may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Select and Place:
Answer:
Box 1: Gen. Bus.
General Business -
The revenue posting (income statement) is determined by the combination of the general business posting group and the general product posting group.
Box 2: Customer -
The accounts receivable posting (balance sheet) is determined by the customer posting group.
Box 3: Gen. Prod.
General product -
The cost of goods sold posting (income statement) is determined by the combination of general business posting group and general product posting group.
Box 4: Inventory -
The inventory posting (balance sheet) is determined by the inventory posting group.
Reference:
https://docs.microsoft.com/en-us/dynamics365/business-central/finance-posting-groups
A company implements Dynamics 365 Business Central.
You need to create a new payment terms record to meet the following requirements:
✑ Ensure that the due date for all vendor invoices is 30 days.
✑ Grant vendors a two percent discount if an invoice is paid within 10 days.
Which three actions should you perform? Each correct answer presents a part of the solution
NOTE: Each correct selection is worth one point.
Answer:
BCD
B: Discount Date Calculation Specify the formula that is used to calculate the date that a payment must be made in order to obtain a discount.
10 days - 10D.
C: Discount % - Specify the discount percentage that is applied for early payment of an invoice amount.
D: Due Date Calculation - Specify the formula that is used to calculate the date that a payment must be made.
For example, if the payment must be made in one installment after two weeks, enter 14D.
Reference:
https://docs.microsoft.com/en-us/dynamics365/business-central/localfunctionality/italy/how-to-set-up-payment-terms
A company is implementing Dynamics 365 Business Central.
Vendor open balances need to be posted to the general ledger (G/L) account directly by using the general journal.
You need to configure the G/L account to allow users to post vendor open balances to payables accounts.
Which setting should you use?
Answer:
D
Direct posting is a very important field. It is used to enable or disable posting directly to the account. How? So, there are G/L accounts that you assign to posting groups like the receivables account, the payables account, and so on, and you would clear the field. In short, direct posting is not allowed there because of the choice you made. You can only post through a posting group.
Reference:
https://www.gestisoft.com/blog/create-a-g-l-account-in-dynamics-365-business-central
A company uses Dynamics 365 Business Central.
A user posts a Sales Invoice document that has an incorrect dimension value.
You need to update general ledger entries with the correct dimension value without inserting new ledger entries.
Which option should you use?
Answer:
A
On the General Ledger Entries page, the Correct Dimensions action lets you correct dimensions on posted entries by editing the dimension value, adding new dimensions, or removing them. Administrators can also lock dimensions for corrections, specify that corrections must respect closed accounting periods, and view a change log for a given G/L entry in order to revert the entry to its original value.
Reference:
https://docs.microsoft.com/en-us/dynamics365-release-plan/2021wave1/smb/dynamics365-business-central/dimension-corrections-gl-entries
DRAG DROP -
A company uses Dynamics 365 Business Central.
You need to configure the system to meet the following requirements for a purchasing agent:
✑ Create and post purchase documents including purchase receipt lines.
✑ Do not allow agents to read general ledger (G/L) or bank balances.
✑ Restrict access to view G/L amounts.
✑ Ensure that purchasing agents can select G/L codes on purchase documents.
You need to restrict access to view G/L amounts.
Which three actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.
Select and Place:
Answer:
Box 1: Select the permission sets you want to modify.
Update the user permission sets in Dynamics 365 Business Central, removing the current permission set and adding the new permission set.
Box 2: Remove page permissions for chart of accounts, G/L entries, and G/L account card.
Box 3: Assign a permission set to a user.
Reference:
https://www.boyerassoc.com/blog/how-to-use-permission-set-filtering-in-dynamics-365-business-central/
HOTSPOT -
A company uses Dynamics 365 Business Central. You are recording incoming payments from customers.
You must record a payment of $500 for customer 2030 with a posting date of November 16, 2022. The payment must be recorded against bank account No. 1010 with general ledger (G/L) account No. 10100.
You need to populate the cash receipt journal batch in Business Central to properly record the incoming payment to a bank account.
Which value should you use? To answer, select the appropriate options in the answer area,
NOTE: Each correct selection is worth one point.
Hot Area:
Answer:
Box 1: Customer -
In the Account Type field, enter Customer.
You must record a payment of $500 for customer 2030 with a posting date of November 16, 2022. The payment must be recorded against bank account No. 1010 with general ledger (G/L) account No. 10100.
Box 2: 1010 -
Box 3: -$500 -
Box 4: Bank Account -
In the Bal. Account Type field, enter Bank Account.
Box 5: 2030 -
Reference:
https://docs.microsoft.com/en-us/learn/modules/enter-payments-dynamics-365-business-central/2-apply
A company records vendor-wise item descriptions.
You need to set up vendor-specific descriptions for items.
What should you set up?
Answer:
C
Reference:
https://docs.microsoft.com/en-gb/dynamics365/business-central/inventory-how-use-item-cross-refs
HOTSPOT -
A furniture manufacturing company is creating new items in Dynamics 365 Business Central. The company currently searches for the products by material, color, and size.
You must expand the search capabilities for the items. Not all the items will have the same searchable characteristics. Some new search characteristics may need to be added.
You need to configure the system to automatically recommend additional search criteria for items.
Which features should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
Answer:
References:
https://docs.microsoft.com/en-gb/dynamics365/business-central/inventory-how-work-item-attributes
A company uses Dynamics 365 Business Central. The company has three sites.
The company needs to track inventory separately for each site.
You need to configure the system to meet this requirement.
What should you configure?
Answer:
C
Reference:
https://docs.microsoft.com/en-gb/dynamics365/business-central/inventory-how-setup-locations
A company operates from India. The company procures materials from Sweden.
You need to set up invoice discount terms for a vendor based in Sweden.
Which three pieces of information should you enter? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
Answer:
ABC
Reference:
https://docs.microsoft.com/en-us/learn/modules/customer-discounts-dynamics-365-business-central/3-invoice
