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Vendor: Microsoft
Exam Code: MB3-701
Exam Name: Microsoft Dynamics GP 2013 Financials

Keywords: Microsoft MB3-701 Exam Dumps,MB3-701 Practice Tests,MB3-701 Practice Exams,MB3-701 Exam Questions,MB3-701 Dumps,MB3-701 PDF,MB3-701 VCE

QUESTION 61
You need to print several reports from multiple modules in a single step.
Which should you set up?

A.    Report Groups for each module
B.    Combined Report Group
C.    Report Options that are saved under My Reports
D.    Custom Reports list for each module

Answer: B

QUESTION 62
Under which condition is it possible to delete a General Ledger (GL) account?

A.    The account has a zero balance and has only open year transactions.
B.    The account has a balance and has only open year transactions.
C.    The account has a zero balance and has only historical year transactions.
D.    The account has a zero balance and has no transactions.

Answer: D

QUESTION 63
Which two are valid types of Multidimensional Analysis (MDA)? (Each correct answer presents a complete solution. Choose two.)

A.    none
B.    variable
C.    fixed
D.    active

Answer: AC

QUESTION 64
You click the Reconcile button to complete a bank reconciliation.
Which two actions occur next? (Each correct answer presents a complete solution. Choose two.)

A.    If the adjusted bank balance and the adjusted book balance do not match, an automatic adjustment is created in the checkbook, then the reconcile completes.
B.    Adjustment transactions are recorded, but do not post.
C.    If the adjusted bank balance and the adjusted book balance match, the reconcile completes.
D.    Cleared transactions are marked as reconciled.

Answer: BD

QUESTION 65
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 $1500.00.
For which is a password required?

A.    Checks that are processed in Select Payables Checks.
B.    Checks that are processed in Payables Transaction Entry.
C.    Checks that are processed in Bank Transaction Entry.
D.    Checks that are processed in Miscellaneous Check Entry.

Answer: B

QUESTION 66
You start a bank reconciliation.
You need to enter an adjustment to decrease the checkbook balance.
What should you do?

A.    Enter a positive amount by using an Other Income type adjustment.
B.    Enter a positive amount by using an Other Expense type adjustment.
C.    Enter a negative amount by using an Other Income type adjustment.
D.    Enter a negative amount by using an Other Expense type adjustment.

Answer: B

QUESTION 67
The Purchasing Manager wants to analyze purchases using a transaction history report in General Ledger. When Transactions are moved to history in General Ledger?

A.    When transactions are applied
B.    When transactions are posted in General Ledger
C.    When fiscal periods are closed at the end of each month
D.    When the year-end closing process is run in General Ledger

Answer: D

QUESTION 68
Which of the following statements is true concerning Quick Journal transactions?

A.    Quick Journals can be entered in recurring batches.
B.    Any defaulted account can be left with a zero posting amount.
C.    Quick Journals can be saved and posted from the batch entry window.
D.    Accounts can be deleted on the transaction and this change becomes a permanent change to
the Quick Journal setup.

Answer: B

QUESTION 69
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.

A.    Unit
B.    Posting
C.    Fixed Allocation
D.    Variable Allocation

Answer: CD

QUESTION 70
What type of account posts to distribution accounts based on percentages entered?

A.    Unit accounts
B.    Posting accounts
C.    Fixed Allocation accounts
D.    Variable Allocation accounts

Answer: C

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