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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 41
You enter a transaction in the Receivables module.
You need to apply the entry to a Receivables document that was posted previously.
Which two document types should you use? (Each correct answer presents a complete solution. Choose two.)

A.    Credit Memos
B.    Warranties
C.    Returns
D.    Debit Memos

Answer: AC
Explanation:
https://community.dynamics.com/gp/f/32/p/106116/207506.aspx#.Uf-Fz0HvvUl

QUESTION 42
Which setup is required to create salesperson records?

A.    Vendors
B.    National accounts
C.    Sales territories
D.    Employees

Answer: C

QUESTION 43
You process depreciation for a single asset by using the Depreciate Asset window.
What is the maximum number of books that you can select at one time?

A.    3
B.    unlimited
C.    2
D.    1

Answer: A

QUESTION 44
You process the depreciation routine for the corporate book.
You review the General Ledger account balances.
You do not find any record of the financial detailed transactions that are related to the depreciation run.
What should you do next?

A.    Confirm that the posting settings for the Financial Series are set to Post Through.
B.    Process the Financial Reconcile utility to correct the error.
C.    Complete the Fixed Assets General Ledger posting routine.
D.    Review Financial Series Post for an unposted batch and then post the batch.

Answer: C

QUESTION 45
What is the purpose of the General Ledger reconcile utility? (Each correct answer presents a complete solution. Choose two.)

A.    Validates batch header information.
B.    Updates the configuration of allocation accounts.
C.    updates transaction detail.
D.    Validates the configuration of allocation accounts.

Answer: AD

QUESTION 46
Which two modules can you use to create intercompany transactions? (Each correct answer presents a complete solution. Choose two.)

A.    Receivables Management
B.    Payables Management
C.    General Ledger
D.    Bank Reconciliation

Answer: BC
Explanation:
http://gp.rosebizincblogs.com/2011/05/intercompany-processing-with-dynamics-gp.html
http://saci.com/blogs/belinda-the-gp-csi/bid/122303/Dynamics-GP-Inter-Company-Setup-and-Transactions

QUESTION 47
Which two transaction types are available in the Transaction Entry window in the General Ledger? (Each correct answer presents part of the solution. Choose two.)

A.    Reversing
B.    Quick
C.    Correcting
D.    Clearing
E.    standard

Answer: AE
Explanation:
http://mohdaoud.blogspot.co.uk/2012/06/dynamics-gp-journal-entry-paste-from.html (video)

QUESTION 48
You create a new budget by using the Budget Wizard for Excel.
The new budget must include a 5% increase over the historical 2010 budget.
Which budget calculation method should you use?

A.    Other Budget Percent
B.    Open Year Percent
C.    Amount Change
D.     Historical Year Percent

Answer: A

QUESTION 49
You need to create a new account to record the number of employees that are in a department.
Which type of account records the number of employees?

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

Answer: C

QUESTION 50
You notice a variance between the Inventory sub-ledger and the corresponding General Ledger account. Which function should you use to identify the variance?

A.    CheckLinks
B.    Batch Recovery
C.    Reconcile
D.    Reconcile to GL

Answer: D


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