1- Your company manager has a question for you. He is not clear about which processes are saved by User ID in Fixed Assets. Since you are the technical support, he asks for your answer. So, what do you reply to him? • B. Depreciation and Depreciation Projections are saved by User ID in Fixed Assets. • A. Asset Retirements and Depreciation are saved by User ID in Fixed Assets. • C. Depreciation Projections and Select Assets are saved by User ID in Fixed Assets • D. Asset Retirements and Depreciation Projections are saved by User ID in Fixed Assets.
2- Your company CIO has a question for you. In Microsoft Dynamics GP, which setup option is not company specific? • A. Setting up user classes is not company specific. • B. Setting up payment terms is not company specific. • C. Activating security is not company specific. • D. Defining an account format is not company specific.
3-At the time that users are writing checks in Payables Management, it is necessary to let them change the default check number. Of the following Bank Reconciliation windows, which one is used to allow this capability? • A. Reconcile Checkbooks • B. Bank Reconciliation Setup • C. Checkbook Maintenance • D. Bank Transaction Entry.
4- You provide service for the Luxware company. This company has all sales transactions entered as General Ledger transactions. Now the company intends to use the tax features (details and schedules) in General Ledger. Where must they go to activate this feature? • A. They must go to Tax Schedule Maintenance • B. They must go to General Ledger Setup • C. They must go to Account Maintenance • D. They must go to Company Setup Options.
5- Since you are the technical support, your company manager has a question for you. At the time that a checkbook is first being set up, what amount should be entered in the Last Reconciled Balance field in Checkbook Maintenance? • A. The current balance shown in the checkbook register. • B. The current balance the bank has for the checkbook. • C. The current balance in the cash account assigned to this checkbook. • D. The ending balance from the most recent reconciled bank statement. .
6- In the Luxware company, users enter single transactions that are posted without edit list reviews, hence some data entry errors are made. In order to correct these practices, what action should be performed in Microsoft
Dynamics GP?
• A. The allow Transaction Posting option should be cleared in Posting Setup and the 'Require Batch Approval' option should be chosen and an approval password should be entered. • B. In Posting, the posting Date From Batch option should be chosen • C. Require control totals in the batch entry window and enter a unique audit trail code for each transaction • D. The ost Through GL option should be chosen in Posting Setup and require control totals in the batch entry window.
7- In order to record a transaction that uses the same distribution accounts for each posting, but the posting amounts vary with each posting, what is the most efficient way? • A. Post to a fixed allocation account in General Ledger • B. Post to a variable allocation account in General Ledger • C. A Quick Journal entry should be set up. • D. A recurring batch for the transaction should be set up.
8- Since you are the technical support, your company manager has a question for you. Of the following transaction types, which take the next number from the checkbook? (Choose more than one) • A. Receipt takes the next number from the checkbook. • B. Withdrawal takes the next number from the checkbook. • C. Check takes the next number from the checkbook. • D. Deposit takes the next number from the checkbook.
9- Your company CIO has a question for you. If 'Allow Account Entry' is not selected (cleared) in Account Maintenance for an account, what happens? • A. The account can be entered as a posting account on a transaction if the account number is typed in manually. • B. The account can be selected from a lookup window as a posting account on a transaction in a distribution window. • C. No transactions can be posted to the account. • D. The account can be used if it is set up as a default posting account in Posting Accounts Setup or it defaults from a master record. .
10- Your company manager has a question for you. In the Edit Payables Checks window, which functions cannot be performed? • A. Choose a range of vendors to pay • B. A voucher should be removed from an existing payment • C. A vendor payment should be added to a check batch • D. A voucher should be added to an existing payment.
11- Since you are the technical support, your company manager has a question for you. The following are credit limit options, which is unavailable when setting up a customer? • A. Assign a customer an overall credit limit and also specify a credit limit for a specific aging period and beyond. • B. Assign a customer no credit. • C. Assign a customer unlimited credit. • D. Assign a customer a credit limit based on a certain percent of the invoice amount. .
12- Since you are the technical support, your company manager has a question for you. In Bank Reconciliation, when do Payables checks update the checkbook balance? • A. Payables checks update the checkbook balance at the time that the check is posted in General Ledger • B. Payables checks update the checkbook balance at the time that the check clears the bank • C. Payables checks update the checkbook balance at the time that the check is applied in Payables Management • D. Payables checks update the checkbook balance at the time that the check is posted in Payables Management .
13- At the time that a reversing transaction is entered and posted in the General Ledger Transaction Entry window, what occurs? • A. a transaction is posted on the transaction date, and when the user date is set to the reversing date, a reversing transaction posts. • B. A previously entered transaction is reversed. • C. One transaction posts on the transaction date and is reversed when the transaction is posted again. • D. Two transactions are posted immediately, one on the transaction date, and one on the reversing date. .
14- On a purchase order, a line item is a fixed asset purchase. The item needs to be added as an asset in Fixed Assets. How is integration from Purchase Order Processing by Receipt Line triggered? • A. It is triggered by changing the account number on the PURCH type distribution line to a Clearing account • B. It is triggered by changing the account number on the PURCH type distribution line to a Fixed Assets Purchase Posting Account • C. It is triggered by marking the Capital Item check box in Item Maintenance • D. It is triggered by marking a line item as a Capital Item when the item is entered on a purchase order or receiving’s transaction.
15- The head of Sales is making preparations for setting up salespeople for commission calculations. Before setting up salespeople, what must be performed in Microsoft Dynamics GP? • A. Commission amounts on items should be entered in Inventory should be set up before setting up salespeople. • B. Sales Managers should be set up before setting up salespeople. • C. At least one sales territory should be set up before setting up salespeople • D. All the employees in Payroll should be set up before setting up salespeople.
16- Your company manager has a question for you. He is not clear about the function of the Corporate Book that is designated in Fixed Assets Company Setup. Since you are the technical support, he asks for your answer. So what do you reply to him?
• A. This is the book that updates/posts to the General Ledger module. • B. This is the book that defaults on all reports. • C. This is the book where assets are automatically added. • D. This is the only book where depreciation can be calculated.
17- The options below are statements regarding classes in Fixed Assets. Which one is incorrect? (Choose more than one) A. Classes are optional in Fixed Assets C. Classes can only be used with assets assigned to the Corporate Book. B. Account groups can be assigned to a class. D. At least one class is required.
18- Since you are the technical support, yourcompany manager has a question for you. The options below are statements about theminimum payment field in the Customer Maintenance Options window. You are asked to identify the correct one. So what is your answer? • A. The minimum payment amount can be printed on a customer's statement. • B. A finance charge is assessed for payments under the minimum amount. • C. A payment under the minimum amount cannot be entered for the customer. • D. In the event that the minimum payment amount is not met, the customer is placed on hold.
19- In your company, two salesmen were helping a customer that generated a sale. Since you are the technical support, your company manager has a question for you. How can the commission be split between these salespeople? • A. Both salespeople should be entered on the invoice on the Receivables Transaction Entry window. • B. Both of the salespeople should be assigned to the customer in the Customer Maintenance window. • C. The Commissions button in Receivables Transaction Entry should be used and fifty percent of the sale should be allocated to each salesperson. • D. The same customer should be assigned to both salespeople in the Salesperson Maintenance window.
20- In your company, two salesmen were helping a customer that generated a sale. Since you are the technical support, your company manager has a question for you. How can the commission be split between these salespeople? • A. Both salespeople should be entered on the invoice on the Receivables Transaction Entry window. • B. Both of the salespeople should be assigned to the customer in the Customer Maintenance window. • C. The Commissions button in Receivables Transaction Entry should be used and fifty percent of the sale should be allocated to each salesperson. • D. The same customer should be assigned to both salespeople in the Salesperson Maintenance window.
21- The options below are statements about Quick Journal transactions, which one is correct? • A. Accounts can be deleted on the transaction and this change becomes a permanent change to the Quick Journal setup. • B. Quick Journals can be entered in recurring batches. • C. Any defaulted account can be left with a zero posting amount. • D. Quick Journals can be saved and posted from the batch entry window.
22- In order to enable sales to be tracked more precisely, the sales manager is planning to have the account format changed. Suppose that the account framework was set to the maximums allowed in Microsoft Dynamics GP for account length and segments. The options below are statements about altering the account format. Which statements are not true? (Choose more than one) • A. Changes cannot be made to the account format after Microsoft Dynamics GP is installed. D. After the chart of accounts has been entered, the account format can be shortened from 9 characters to 6 characters. • B. The account format length is able to be changed from 10 characters to 11 characters. • C. Before the chart of accounts has been entered??changes can be made to the account format.
23- Of the following types of accounts, what type posts to distribution accounts on the basis of percentages entered? • A. Variable Allocation accounts • B. Unit accounts • C. Posting accounts • D. Fixed Allocation accounts.
24- An intercompany transaction has been entered in Payables Management. The company manager wants to know when this information is sent to the destination company. Since you are the technical support, he asks for you answer. So what do you reply to him? • A. This information is sent to the destination company at the time that the transaction is saved in a batch in Payables Management • B. This information is sent to the destination company at the time that the transaction is posted in General Ledger • C. This information is sent to the destination company at the time that the transaction is posted in Payables Management • D. This information is sent to the destination company at the time that the transaction is saved in a batch in General Ledger.
25- The Payables Clerk selected to print checks and sent the checks to a printer. After printing a batch of checks, which of the following options are not available to the Payables Clerk? • A. Post checks • B. Void all checks • C. Reprint a range of checks • D. Edit a check payment and reprint.
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