MB3-701 Exam Questions

Which two modules integrate with Fixed Assets? (Each correct answer presents a complete solution. Choose two.)

You need to view an asset in Asset Maintenance. Which two statuses can the asset have? {Each correct answer presents a complete solution. Choose two.)

A company enters all sales transactions as General Ledger transactions. The company wants to use the tax features (details and schedules) in General Ledger. Where must they go to a...

What is the maximum account length and maximum number of segments for an account in Microsoft Dynamics GP?

What is the maximum number of fiscal periods that can be created when setting up a new fiscal year in Microsoft Dynamics GP?

Selena, the accounting manager, is concerned because there is going to be some adjusting entries that need to be made to accounts in General Ledger. Selena does not want to close t...

Which of the following tasks are provided when using Advanced Lookups Setup?

The System Administrator is setting up posting rules in Posting Setup. The Administrator decidedto select the use Account Settings option in Posting Setup. What is the purpose of t...

Which two operations can you perform by using Mass Modify Chart of Accounts? (Each correct answer presents a complete solution. Choose two.)

In Account Maintenance, what is the purpose of Posting Type?

You need to print several reports from multiple modules in a single step. Which should you set up?

Under which condition is it possible to delete a General Ledger (GL) account?

Which two are valid types of Multidimensional Analysis (MDA)? (Each correct answer presents a complete solution. Choose two.)

You click the Reconcile button to complete a bank reconciliation. Which two actions occur next? (Each correct answer presents a complete solution. Choose two.)

In the Checkbook Maintenance window, you enter a maximum check amount of $1500.00 (US). You enter a password for the checkbook. You need to process a check that is greater than $15...

You start a bank reconciliation. You need to enter an adjustment to decrease the checkbook balance. What should you do?

The Purchasing Manager wants to analyze purchases using a transaction history report in General Ledger. When Transactions are moved to history in General Ledger?

Which of the following statements is true concerning Quick Journal transactions?

Transactions were posted to unit, posting, fixed allocation and variable allocation accounts in General Ledger. Which accounts always have a zero balance? Choose the 2 that apply.

What type of account posts to distribution accounts based on percentages entered?

You need to determine the distribution accounts in Payables Transaction Entry. What is the default order?

You place a vendor on hold. What is the result?

In Payables Transaction Entry, you can apply credit memos to which payables invoices?

You void a Deposit with Receipt. The Deposit with Receipt is not reconciled. What happens to the receipts that are attached to the Deposit with Receipt?

Which types of transactions can you enter in Bank Transaction Entry? (Each correct answer presents part of the solution. Choose two.)

Which section of your Home Page should you use to access your frequently used windows?

You configure a shipping method and use the Delivery shipping type. What is the impact on the transaction?

Which of the following statements is true about the account format?

What function provides an option to designate a default printer for a specific task such as printing payables checks?

Which setup option is not company specific in Microsoft Dynamics GP?

You need to define the default depreciation methods and conventions for assets. Which Fixed Asset setup should you use?

You need to roll down information from the vendor-class level to vendor cards. Which two options can you enter at the class level? (Each correct answer presents part of the solutio...

You need to match Payables Management transactions to the corresponding General Ledger distribution transactions for a specific period. Which process should you use?

You post an intercompany payables invoice for the current year. Which audit trail code is assigned to the transaction in the destination company?

You create a new batch in the General Ledger. The batch has a Frequency of Monthly. You need to set the number of times that the batch will post. Which option should you assign to...

How is posting to historical years limited?

Which of the following are requirements to post General Ledger intercompany transactions in Microsoft Dynamics GP? Choose the 3 that apply.

You need to default posting accounts for assets. Which Fixed Asset setup should you use?

You change the Depreciated to Date in the Asset Book window after you save an asset record. What is the result?

Which is true when you use the Master Asset ID field?

Which two payment methods can you enter in Payables Manual Payment Entry? (Each correct answer presents part of the solution. Choose two.)

Which type of accounts can be used as breakdown accounts when a variable allocation account is set up? Choose the 2 that apply.

Which of the following is a requirement when setting up a variable allocation account?

The Reconcile to GL feature is used to help with reconciling which of the following subsidiary modules to control accounts in General Ledger? Choose the 2 that apply.

How many organizational levels can be created in Organization Structures?