Microsoft-Microsoft Dynamics AX 2012 Financials Set 1

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Microsoft-Microsoft Dynamics AX 2012 Financials Set 1

You are employed as an administrator at ABC.com. ABC.com makes use of Microsoft Dynamics AX 2012 in their environment. You are configuring the Balance control list for an account from the main accounts form. You have selected the Debit option. Which of the following results from this configuration?

It prevents journal transactions for an account to produce a credit balance. ✘ It allows journal transactions for an account to produce a credit balance. ✘ It prevents journal transactions from posting zero balances. ✘ It allows journal transactions to post zero balances. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

You are employed as an administrator at ABC.com. ABC.com makes use of Microsoft Dynamics AX 2012 in their environment. You are configuring overpayment, underpayment, and penny difference tolerances for cross- company payment settlements. You want to specify the use of the Penny difference in accounting currency account. Which of the following is the form you should use?

Accounts for automatic transactions form. ✘ Main account form. ✘ General journal form. ✘ Accounts Payable form. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

You are employed as an administrator at ABC.com. ABC.com makes use of Microsoft Dynamics AX 2012 in their environment. An application user, named Mia Hamm, has been instructed to set up a journal that has the following features: The journal should allow for the creation of journal templates that has a mandatory approval setting. The journal should make use of the posting restriction option. Which of the following actions should Mia Hamm take?

Mia Hamm should create an approval journal. ✘ Mia Hamm should create an absence journal. ✘ Mia Hamm should create a payment journal. ✘ Mia Hamm should create an inventory journal. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

You are employed as an administrator at ABC.com. ABC.com makes use of Microsoft Dynamics AX 2012 in their environment. You are working within a general journal. You want to create a new line in the general journal. Which of the following is a combination of account types that are available to you?

Item, ledger, and project. ✘ Ledger, project, and vendor. ✘ Ledger, project and purchase order. ✘ Project, purchase order, and vendor. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

You are employed as an administrator at ABC.com. ABC.com makes use of Microsoft Dynamics AX 2012 in their environment. Mia Hamm is a new employee, who has been assigned to you for training. You are preparing to show Mia Hamm how to create a journal entry line in the General Ledger. Which of the following is TRUE with regards to creating the journal entry line in the General Ledger? (Choose all that apply.)

You must only have the Account, and the accounting date information to create the line. ✘ You must have the Account name, Dimension, and Offset account information to create the line. ✘ You must only have the Debit or Credit amount, and the Offset account information to create the line. ✘ You must only have the Dimension, and the Transaction text information to create the line. ✔ You must have the Offset account, Accounting date, Debit or Credit amount, and the Offset accountinformation to create the line. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

You are employed as an administrator at ABC.com. ABC.com makes use of Microsoft Dynamics AX 2012 in their environment. You are in the process of configuring Microsoft Dynamics AX 2012 to enable sales tax calculation. You need to make sure that the tax calculation works properly. Which of the following actions should you take?

You should create the sales tax codes and add it to the necessary sales tax groups. ✘ You should contact the tax authorities, and request the correct settings. ✘ You should select the Enable sales tax calculation check box in the General Ledger. ✘ You should select the Enable sales tax calculation check box in the sales tax groups. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

You are employed as an administrator at ABC.com. ABC.com makes use of Microsoft Dynamics AX 2012 in their environment. You are in the process of setting up sales tax codes for ABC.com's environment. Which of the following statements regarding sales tax codes are TRUE?

For sales tax to be calculated for the sales tax codes, the codes must be included in both the sales tax group and the item sales tax group. ✘ For sales tax to be calculated for the sales tax codes, the codes must only be included in thesales tax group. ✘ For sales tax to be calculated for the sales tax codes, the codes must only be included in the item salestax group. ✘ For sales tax to be calculated for the sales tax codes, the codes do not have to be included in the salestax group or the item sales tax group. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

You are employed as an administrator at ABC.com. ABC.com makes use of Microsoft Dynamics AX 2012 in their environment. You have been instructed to create various financial reason codes for ABC.com's Microsoft Dynamics AX 2012 environment. Which of the following statements regarding financial reason codes are TRUE? (Choose all that apply.)

You are able to make use of the financial reasons form in Organization administration to create reason codes for an array of financial modules. You are unable to open a reasons form from a specific module to set up reason codes for only thatmodule. Financial reason codes are user-defined field used to record the reason for a change or transaction. Financial reason codes are system-generated fields used to record the reason for a change ortransaction.

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

You are employed as an administrator at ABC.com. ABC.com makes use of Microsoft Dynamics AX 2012 in their environment. You have received an instruction to update records in bulk. Which of the following actions should you take?

You should consider making use of the export utility. ✘ You should consider making use of the import utility. ✘ You should consider making use of the fill utility. ✘ You should consider copy and pasting the records. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

10.

You are employed as an administrator at ABC.com. ABC.com makes use of Microsoft Dynamics AX 2012 in their environment. A user, named Andy Reid, is in the process of setting up the banking data for a specific vendor. Andy Reid has been informed that the data should only be useable after a certain period of time. Which of the following actions should Andy Reid take? (Choose all that apply.)

Andy Reid should consider setting the status of the vendor's bank account to Active for all transactions and enter the required date into the Active from field. ✘ Andy Reid should consider setting the status of the vendor's bank account to Inactive for newtransactions and enter the required date into the Active from field. ✘ Andy Reid should consider setting the status of the vendor's bank account to Inactive for all transactionsand enter the required date into the Active from field. ✘ Andy Reid should consider setting the status of the vendor's bank account to Active for all transactionsonly. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

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Microsoft-Microsoft Dynamics AX 2012 Financials Set 1

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