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Microsoft Dynamics NAV 2013 Core Setup and Finance Sample Questions:

1. A company uses dimension values for every posting on ledger accounts for sales turnover.
A sales order invoice is posted. The sales order header includes a valid code for the relevant salesperson.
Which statement is true?

A) Dimension set IDs on the sales order lines cannot have the same code as the dimension set ID on the sales order header.
B) Dimension values on the sales order lines cannot be taken from the customer card.
C) Dimension set IDs on the sales order lines and the dimension set ID on the sales order header cannot be viewed before posting.
D) The dimension value posting on the sales revenue ledger account cards is set to Code Mandatory for the relevant sales dimension values.

2. Which two actions do the Begin-Total and End-Total accounts on the Chart of Accounts page enable you to do? (Each correct answer presents a complete solution. Choose two.)

A) Group G/L accounts with the same dimensions.
B) View the total for a range of G/L accounts.
C) Compare the G/L balance in different time periods.
D) Indent the Chart of Accounts to improve readability.

3. A fixed asset with a book value of $1000 is depreciated to an expected salvage value of S100 in 48 time periods.
The depreciation amount must be the same each period.
Which depreciation method should you assign to the depreciation book?

A) Straight-Line
B) Declining-Balance 1
C) Half-Year Convention
D) DB2/SL

4. You need to turn in your periodical value added tax (VAT) declaration. Where can you report the tax amounts to be settled?

A) VAT statements
B) VAT exceptions
C) VAT adjustments
D) VAT registers

5. What effect does setting the Fix Exchange Rate Amount field in the Currency Exchange Rates window have in Microsoft Dynamics NAV?

A) It determines the threshold over which currency conversion rounding errors are repaired.
B) It determines the threshold under which currency conversion rounding errors are repaired.
C) It determines the exchange rate to be used when the Adjust Exchange Rates batch job is run.
D) It determines whether the currency or the relational currency exchange rate can be changed on transactions and journals.

Solutions: