QUESTION: 89 Exam Topic: 5

A customer uses the sales tax functionality in Dynamics 365 Finance.

The customer reports that when a sales order is created, sales tax does not calculate on the line.

You need to determine why sales tax is not calculated.

What are two possible reasons? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

The sales tax group is populated on the line, but the item sales tax group is missing.
The sales tax settlement account is not configured correctly.
The sales tax authority is not set up for the correct jurisdiction.
The sales tax code and item sales tax code are selected, but the sales tax group is not associated to both
codes.
The sales tax group and item sales tax group are selected, but the sales tax code is not associated with
both groups.

Answer(s): A,E

Reference:

https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/indirect-taxes- overview

https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/tasks/set-up-sales- tax-groups-itemsales-

tax-groups

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QUESTION: 90 Exam Topic: 5

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You must configure journal controls in Dynamics 365 for Finance and Operations.

Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic

See Explanation section for answer.

Answer(s): A

Explanation:

Reference:

https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general- ledger/general-journal-processing

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QUESTION: 91 Exam Topic: 5

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You are the controller for an organization. The company purchased six service trucks. You observe that your accountant set up Fixed assets - vehicles in the wrong fixed asset group.

You need to achieve the following;

· Change the fixed asset group so that the existing fixed asset transactions for the original fixed asset are canceled and regenerated for the new fixed asset.

· Ensure that all value models for the existing fixed asset are created for the new fixed asset Any information that was set up for the original fixed asset is copied to the new fixed asset.

· Close the old fixed asset number in the old fixed assets group and create a new fixed asset number in the new fixed assets

group.

What should you do?

Reclassify the fixed asset.
Copy the fixed asset.
Change the fixed asset group
Transfer the fixed assets.

Answer(s): D

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QUESTION: 92 Exam Topic: 5

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You need to configure invoice validation for vendors in Dynamics 365 for Finance and Operations. You are viewing the Accounts payable parameter for Invoice validation.