A company uses Dynamics 365 Business Central.You must create a general ledger account and define the general ledger account as a purchase account for general journal transactions.You need to configure the system.
Answer(s): A
DRAG DROPYou are setting up new customers and items in Dynamics 365 Business Central.You need to configure the system.Which posting group should you use? To answer, drag the appropriate posting groups to the correct use cases. Each posting group may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.Note: Each correct selection is worth one point.Select and Place:
Box 1: Gen. Bus.General BusinessThe revenue posting (income statement) is determined by the combination of the general business posting group and the general product posting group.Box 2: CustomerThe accounts receivable posting (balance sheet) is determined by the customer posting group.Box 3: Gen. Prod.General productThe cost of goods sold posting (income statement) is determined by the combination of general business posting group and general product posting group.Box 4: InventoryThe inventory posting (balance sheet) is determined by the inventory posting group.
https://docs.microsoft.com/en-us/dynamics365/business-central/finance-posting-groups
A company implements Dynamics 365 Business Central.You need to create a new payment terms record to meet the following requirements:Ensure that the due date for all vendor invoices is 30 days.Grant vendors a two percent discount if an invoice is paid within 10 days.Which three actions should you perform? Each correct answer presents a part of the solution.Note: Each correct selection is worth one point.
Answer(s): B,C,D
B: Discount Date Calculation Specify the formula that is used to calculate the date that a payment must be made in order to obtain a discount.10 days - 10D.C: Discount % - Specify the discount percentage that is applied for early payment of an invoice amount.D: Due Date Calculation - Specify the formula that is used to calculate the date that a payment must be made.For example, if the payment must be made in one installment after two weeks, enter 14D.
https://docs.microsoft.com/en-us/dynamics365/business-central/localfunctionality/italy/how-to-set- up-payment-terms
A company is implementing Dynamics 365 Business Central.Vendor open balances need to be posted to the general ledger (G/L) account directly by using the general journal.You need to configure the G/L account to allow users to post vendor open balances to payables accounts.Which setting should you use?
Answer(s): D
Direct posting is a very important field. It is used to enable or disable posting directly to the account. How? So, there are G/L accounts that you assign to posting groups like the receivables account, the payables account, and so on, and you would clear the field. In short, direct posting is not allowed there because of the choice you made. You can only post through a posting group.
https://www.gestisoft.com/blog/create-a-g-l-account-in-dynamics-365-business-central
A company uses Dynamics 365 Business Central.A user posts a Sales Invoice document that has an incorrect dimension value.You need to update general ledger entries with the correct dimension value without inserting new ledger entries.Which option should you use?
On the General Ledger Entries page, the Correct Dimensions action lets you correct dimensions on posted entries by editing the dimension value, adding new dimensions, or removing them. Administrators can also lock dimensions for corrections, specify that corrections must respect closed accounting periods, and view a change log for a given G/L entry in order to revert the entry to its original value.
https://docs.microsoft.com/en-us/dynamics365-release-plan/2021wave1/smb/dynamics365- business-central/dimension-corrections-gl-entries
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