Microsoft-Microsoft Dynamics SL 2011 Financials Set 2

1.

You have entered a pre-payment for a customer. Which screen can you use to apply that pre- payment to specific customer documents?

Application Inquiry/Reversal Payment Application Payment Entry Small Balance/Credit Write-Off

2.

A customer has an invoice for $10,000.00 and a credit memo for $2,000.00. The customer sends you a check for $8,000.00. Which of the following would you do to apply both the credit memo and payment to the customer invoice?

Create a Payment Application batch to enter and apply both the payment and credit memo to the invoice. Create a Payment Entry batch to enter and apply the payment to the invoice and a Payment Applicationbatch to apply the credit memo to the invoice. Create a Payment Application batch to enter and apply the payment to the invoice, and create a secondPayment Application batch to apply the creditmemo to the invoice. Use Application Inquiry/Reversal to enter and apply the payment and credit memo to the invoice.

3.

When the Receipt/Disbursement option in Entry Type Maintenance is set to Receipt, this indicates a receipt to which account?

the Bank/Cash Account used in the Cash Account Transaction screen the account number specified in the transaction area of the Cash Account Transactions screen the Default Account specified in the Entry Type Maintenance record for the Entry Type used in thetransaction the AR Holding account number specified in CA Setup

4.

You want to create a new Entry Type to record Receipts of cash. Which of the following transactions would use an Entry Type setup with a Receipt/Disbursement value of Receipt? Choose the 2 that apply.

recording bank service charges that credit the bank account and debit the Service Charge Expense account recording interest on accounts that debit the bank account and credits the Miscellaneous Incomeaccount recording sale of an asset that debits the bank account and credits an asset account recording reimbursement checks to employees that credit the Accounts Payable account and debit theEntertainment Expense account

5.

How is the Date field in Cash Flow Maintenance used?

The date is used as the transaction date in the General Ledger batch that Cash Flow Maintenance creates. It is informational only. It is the date that the Cash Account is updated in Cash Account Transactions when the Cash FlowMaintenance batch is released. It is used by the Cash Flow Projection report as the beginning point to calculate the effects of theanticipated item scenario on cash flow.

6.

What is the maximum number of accounts you can use in Cash Manager?

1 2 99 unlimited

7.

You enter a Cash Account Transactions batch in the Cash Manager module. When is the General Ledger account balance that you used in the batch updated?

when you save the batch in Cash Manager when you release the batch in Cash Manager when you post the batch in General Ledger when you post the batch in Cash Manager

8.

How is Cash Flow Frequency determined when you run the Cash Flow Projection report?

Cash Flow Frequency is determined as an option you select from a list of possible values when you run the Cash Flow Projection report. The process reviews the number of deposits in Accounts Receivable to forecast future deposits. The process reviews the number of deposits and expenditures in Accounts Receivable to forecastfuture cash flow frequency. Cash Flow Frequency is determined by the option you select in CA Setup for Cash Flow Frequency.

9.

When does the system update an account balance in Cash Manager?

when you run the posting process in Cash Manager when you release a batch in General Ledger, Accounts Receivable, Accounts Payable, or CashManager when you run the posting process in General Ledger when you save a batch in General Ledger, Accounts Receivable, Accounts Payable, or Cash Manager

10.

How is the Adjusted Balance in the Bank Reconciliation screen calculated?

statement balance, plus outstanding checks, minus deposits in transit statement balance, plus deposits in transit, minus outstanding checks, minus the adjusted balance statement balance, plus deposits in transit, minus outstanding checks, plus the General Ledger balance statement balance, plus deposits in transit, minus outstanding checks

Microsoft-Microsoft Dynamics SL 2011 Financials Set 2

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Microsoft-Microsoft Dynamics SL 2011 Financials Set 2

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