800,000

The general ledger account for accounts receivable must match the sum of all

balances on the customer cards.

You need to set up the general ledger account card for accounts receivable to

meet this requirement.

What should you do?

• Configure the account type.

• Block the account.

• Configure totaling.

• Disallow direct posting.

An accountant discovers inconsistencies between financial statements and balances in the chart of accounts.
You suspect that the discrepancies might be a result of missing categories and subcategories.
You need to ensure that the financial statements match the chart of accounts.
Which three actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.

• Create subcategories tor each category.

• Add the missing categories and subcategories to the

  general ledger accounts.

• Verify that the financial statements match the chart

  of accounts.

A company uses Dynamics 365 Business Central.
The company wants to automate sales credit memo processing.
You need to configure the system to meet the requirements.
What should you do? To answer, select the appropriate options in the answer area.

You are implementing Dynamics 365 Business Central. The accounting manager of the company provides you with the chart of accounts.
You need to set up specific posting groups according to the chart of accounts.
Which setup should you use?

To answer, drag the appropriate setup to the correct action. Each setup may be used once, more than once, or not at all.

• Customer Posting Groups

• Automatic posting to the payables account

• Inventory Posting Groups & Posting

  Setup

• Automatic posting of received payment

  differences from customers

• Vendor Posting Groups

• Automatic posting to different work in progress

  balance accounts, depending on the location

You copy a General Posting Setup from an instance of Dynamics 365 Business Central.
You must configure the General Posting Setup. You assign a category and subcategory to each account.
You need to complete the configuration as efficiently as possible.
What are three ways to complete the configuration? Each correct answer presents a complete solution.

• Use the Copy action to create a new General Posting Setup Card

• Import a configuration package that contains the General Posting Setup

• • Use the Suggest Accounts action to create all possible posting setup combinations

• Create a new General Posting Setup Card, and then use the Suggest Accounts action

• Create new General Posting Setup Card, and then use the Copy action

A company is implementing Dynamics 365 Business Central.
The accountant must be able to report discounts received on purchased items separately from costs.
You need to configure the system to meet the requirement.
How should you configure the system?

A company is implementing Dynamics 365 Business Central.
The company needs to post monthly general journal batches for purchase expenses incurred throughout the month. The posted entries must have unique, incremental document numbers. The numbers must increment by one and be sequential.
You need to configure the system to meet the requirements.
Which three actions should you perform in sequence? Each correct answer presents part of the solution.

• Create a Template Batch with Posting No. Series.

• Create the No. Series.

• Configure a General Journal with Purchase Reason Code.

• Configure a General Journal Template with Purchase Type.

• Create a Template Batch with No. Series.

You set up a new company for a customer. The customer provides you with the chart of accounts and the preferred grouping of items, vendors, and customers.
You must ensure that item posting corresponds with the grouping preferences and chart of accounts for the customer.
You need to create the posting groups and setup.
Which type of posting groups should you create? To answer, drag the appropriate posting group types to the correct entities. Each posting group type may be used once, more than once, or not at all.

Groups:

(a) General posting groups

,

(b) Specific posting groups

• Vendor payables

• Sales

• Cost of goods sold

• Customer receivables

You are implementing Dynamics 365 Business Central.
You are creating an expense account for office supplies in the chart of accounts. The account may be used for purchase invoice transactions as well as general journal transactions.
You need to configure the remaining options for the account.
Which values should you use? To answer, select the appropriate options in the answer area.

You are implementing Dynamics 365 Business Central for a customer. The local currency code (LCY) for the company is set to US dollars ($).
The customer plans to set up a bank account. The customer provides the following information for the account:

Account number -

✑ Name
✑ Address
✑ Bank account posting group
The account must meet the following requirements:
✑ Use US dollars.
✑ Use 9075 as the number of the next bank account statement for reconciliation in Business Central.
You need to set up the account for the customer.
Which values should you use? To answer, select the appropriate options in the answer area.