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Microsoft Dynamics NAV 2013 Core Setup and Finance Sample Questions:
1. Which two statements are true about fixed asset (FA) journals? (Each correct answer presents a complete solution. Choose two.)
A) General ledger entries based on fixed asset ledger entries are only created when using the depreciation book selected on the Fixed Assets Setup window.
B) A calculated depreciation for a fixed asset is entered using the FA journal. When the journal is posted, an entry is created for the fixed asset number in the Fixed Asset module.
C) Fixed assets depreciation is automatically posted using the Calculate Depreciation batch job.
D) A manually calculated depreciation for a fixed asset is entered using the FA G/L journal. When the journal is posted, an entry is created for both the G/L Account number as well as the fixed asset number in the Fixed Asset module.
2. A company requires a 10% prepayment for all new customers before shipping their orders. Which steps should you take to enable this?
A) Create a customer posting group with a Prepayment % of 10 and enable Check Prepmt. When Posting in the General Ledger Setup window.
B) Create a customer price group with a Prepayment ? of 10 and set the Blocked field to Ship on the Customer Card window.
C) Create a customer posting group with a Prepayment % of 10 and enable Check Prepmt. WhenPosting in the Sales & Receivables Setup window.
D) Create a customer price group with a Prepayment ? of 10 and select Check Prepmt. WhenPosting in the Sales & Receivables Setup window.
3. A user must record a journal each month to receive rental payments from customers. The journal is comprised of lines with different document numbers and amounts. A single deposit is made to the bank.
How should you create the journal template for the user?
A) Set Type to Cash Receipts and Reason Code to RENT.
B) Set Type to Cash Receipts and ensure Force Doc. Balance is unchecked.
C) Set Type to Payments and Reason Code to RENT.
D) Set Type to Payments and Source Code to CUSTOMER.
4. The Source Type field on the G/L Entry table is blank. What does this indicate about the record?
A) It was created when posting to a bank account.
B) It was created when posting a sales invoice or purchase invoice.
C) It was created when posting a fixed asset.
D) It was created when posting a general journal.
5. A company has a large number of part-time employees, each working a different number of hours every week. The payroll expense for these employees must be recorded weekly. You set up a recurring journal.
Which Recurring Method should you use to record the payroll expenses?
A) Variable
B) Balance
C) Fixed
D) Reversing Fixed
Solutions:
Question # 1 Answer: B,D | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: B |