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Microsoft MB7-701 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Accounts Payable | 15% | - Vendor management
|
| Topic 2: Financial Reporting and Posting | 5% | - Financial statements
|
| Topic 3: Setup and Configuration | 25% | - Company and environment setup
|
| Topic 4: General Ledger | 20% | - Journals and entries
|
| Topic 5: Cash Management | 10% | - Bank account management
|
| Topic 6: Inventory and Costing | 10% | - Costing methods
|
| Topic 7: Accounts Receivable | 15% | - Sales processes
|
Microsoft Dynamics NAV 2013 Core Setup and Finance Sample Questions:
You create a purchase order. The work date is October 25, the order date is October 29, the document date is November 2, and the posting date is November 3. Payment terms are 14D.
Which date is the due date?
- A. November 12
- B. November 8
- C. November 17
- D. November 15
Correct Answer: D 🗳️
You are registering an acquired fixed asset.
You need to post the acquisition cost to the fixed asset (FA) ledger entries and the G/L entries.
What steps should you take?
- A. Register the acquisition cost in a FA reclassification journal line and post the journal.
- B. Register the acquisition cost in a G/L journal line and post the journal.
- C. Register the acquisition cost in a purchase invoice line and post the purchase invoice.
- D. Register the acquisition cost in an FA journal line and post the journal.
Correct Answer: C 🗳️
Which source type is not valid to use in cash flow forecasting?
- A. Cash Flow Manual Revenue
- B. G/LEntry
- C. Liquid Funds
- D. G/L Budget
Correct Answer: B 🗳️
You need to turn in your periodical value added tax (VAT) declaration. Where can you report the tax amounts to be settled?
- A. VAT adjustments
- B. VAT exceptions
- C. VAT statements
- D. VAT registers
Correct Answer: A 🗳️
A company has a large number of part-time employees, each working a different number of hours every week. The payroll expense for these employees must be recorded weekly. You set up a recurring journal.
Which Recurring Method should you use to record the payroll expenses?
- A. Reversing Fixed
- B. Variable
- C. Fixed
- D. Balance
Correct Answer: D 🗳️
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Actual4Exams confidently stands behind all its offerings by giving Unconditional "No help, Full refund" Guarantee. Since the time our operations started we have never seen people report failure in the Microsoft MB7-701 exam after using our products. With this feedback we can assure you of the benefits that you will get from our products and the high probability of clearing the MB7-701 exam.
We still understand the effort, time, and money you will invest in preparing for your certification exam, which makes failure in the Microsoft MB7-701 exam really painful and disappointing. Although we cannot reduce your pain and disappointment but we can certainly share with you the financial loss.
This means that if due to any reason you are not able to pass the MB7-701 actual exam even after using our product, we will reimburse the full amount you spent on our products. you just need to mail us your score report along with your account information to address listed below within 7 days after your unqualified certificate came out.
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