A company has been using Dynamics 365 Business Central for many years.A new accounting manager for the company reviews the chart of accounts. The manager wants to remove some general ledger accounts.The Check G/L Account Usage field is selected in the General Ledger Setup.You need to assist with the account deletions.What is one requirement that enables deletion of a general ledger account?
Answer(s): A
Dynamics 365 Business Central: How to delete a general ledger account You can delete a general ledger account. However, before you delete it, the following must be true:The balance on the account must be zero.The fiscal year that contains ledger entries of the account must be closed.The Allow G/L Acc. Deletion Before field must be set on the General Ledger Setup page, and the account must not have ledger entries on or after that date.*-> If the Check G/L Account Usage field on the General Ledger Setup page is selected, then the account must not be used in any posting groups or posting setup.For this question:Correct alternatives include:* The account cannot be used in any posting groups or posting setup* The fiscal year needs to be closed.(* The account cannot have a balance amount.)Incorrect alternatives include:* The account cannot be used in any account schedule.* The account must have ledger entries.* The general ledger account cannot allow for direct posting.* The general ledger account is configured to allow for deletion* The general ledger account must be of the type Balance Sheet.
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DRAG DROPA company uses Business Central.The operations team posts an incorrect quantity received on a purchase order.You need to undo the quantity posting on the posted purchase receipt before the purchase order is invoiced.Which four 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.Select and Place:
Step 1: Navigate to the Posted Purchase Receipts page.To undo a quantity on a posted purchase receiptThe following steps describe how to undo a posted receipt of items or resources. The steps are similar for posted shipments.1. Choose the Search icon, enter Posted Purchase Receipts, and then choose the related link.Step 2: Open the posted receipt that you want to undo2. Open the posted receipt that you want to undo.Step 3: In Lines, select the line or lines that you want to undo, select the Function button, and select the Undo Receipt action.3. Select the line or lines that you want to undo.4. Choose Undo Receipt action.A corrective line is added under the selected receipt line. If the quantity was received in a warehouse receipt, then a corrective line is added on the posted warehouse receipt.The Quantity Received and Qty. Rcd. Not Invoiced fields on the related purchase order are set to zero.Step 4: Select Yes in the confirmation pop-up box.
https://learn.microsoft.com/en-us/dynamics365/business-central/finance-how-reverse-journal-posting
A manufacturer is implementing Dynamics 365 Business Central as a new financial system.The manufacturer requires financial reports to match reports produced by the current financial system.You need to create account categories and subcategories to align with historical financial reports.What are two possible ways to achieve this goal? Each correct answer presents part of the solution.Note: Each correct selection is worth one point.
Answer(s): B,D
Account categoriesYou can personalize the structure of your financial statements by mapping general ledger accounts to account categories.The G/L Account Categories page shows your categories and subcategories, and the general ledger accounts assigned to them. You can create new subcategories and assign those categories to existing accounts.You can create a category group by indenting other subcategories under a line on the G/L Account Categories page. Category groups make it easy to get an overview because each grouping shows a total balance. For example, you can create subcategories for different types of assets, then create category groups for fixed assets versus current assets.You can define whether specific types of reports must include the accounts in each subcategory. The account categories help define the layout of your financial statements.ExampleFor example, the default balance statement has a subcategory for Cash under Current Assets. If you want the balance statement to consider petty cash and checking, you need to take the following steps:1. Choose the Search icon, enter G/L Account Categories, then choose the related link.2. Choose the Edit List action.3. Add two new subcategories: One for petty cash, and one for your checking account:Select the Current Assets category.Choose the New action.Enter the subcategory name on the Description field.On the G/L Accounts in Category field, select the appropriate G/L account.On the Additional Report Definition field, select the Cash Accounts option.4. Indent them under the Cash subcategory.Select the subcategory created in step 3.Choose the Indent action.Choose the Move Down action.Choose the Indent action to indent under the Cash subcategory.When you choose the Generate Financial Reports action -- or the next time the report is generated -- your balance statement will show the following lines:* Total balance for cash.* Lines with balances for petty cash and the checking account.
https://learn.microsoft.com/en-us/dynamics365/business-central/finance-general-ledger
Answer(s): C
Answer(s): D
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