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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. When posting year-end transactions in Microsoft Dynamics AX 2012, which posting layer is designed for the closing sheet?

A) Closing
B) Opening
C) Operations
D) Current

2. In Microsoft Dynamics AX 2012, which of the following credit limit tolerances can be set up in Cash and Bank Management? (Choose all that apply.)

A) Confirmthe system prompts the user to confirm
B) Validatethe system prompts the user to validate
C) Error - the system generates an error notification
D) Warning - the system generates a warning notification

3. You need to ensure that Microsoft Dynamics
AX 2012 does not allow journal transactions for an account to result in a credit balance. What should you do?

A) On the Main accounts form, in the DB/CR proposal list, select Debit.
B) On the Main accounts form, in the Balance control list, select Debit.
C) On the Main accounts form, in the Main account type list, select Profit and Loss.
D) On the Main accounts form, in the DB/CR requirement list, select Debit.

4. In Microsoft Dynamics AX 2012, which of the following statements about a chart of accounts is true?

A) A chart of accounts can be used for no more than one legal entity.
B) A chart of accounts can be used for multiple legal entities within an organization.
C) A separate chart of accounts can be used for each division of a legal entity.
D) A chart of accounts can be used for only one division of a legal entity.

5. In Microsoft Dynamics AX 2012 which journal type should you use in the Journal name form if budgets for fixed assets are required?

A) Fixed asset budget
B) Post fixed asset
C) Periodic
D) Daily

Solutions: