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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. Which of the following statements about Microsoft Dynamics AX 2012 elimination journal proposals are true? (Choose all that apply.)

A) An elimination journal proposal displays a preview of the results of elimination.
B) An elimination journal proposal posts automatically.
C) An elimination journal proposal can be run only once.
D) An elimination journal proposal enables you to validate the results of elimination.

2. What types of accounts payable invoice matching can you use in Microsoft Dynamics AX 2012? (Choose all that apply.)

A) sales order matching
B) charges matching
C) four-way matching
D) three-way matching

3. In Microsoft Dynamics AX 2012, what is the purpose of the fill utility?

A) To transfer sales tax information.
B) To import Microsoft Excel data.
C) To enable the automatic completion of form fields.
D) To enable users to bulk-update records.

4. In Microsoft Dynamics AX 2012, which of the following transactions can be reversed by using the Reverse Transaction functionality? (Choose all that apply.)

A) Vendor transactionsthat relate to purchase orders
B) Fixed Asset transactions thatrelate to fixed asset postings
C) General Ledger transactions that relate to general journal entries
D) Customer transactions that relate to sales orders

5. You enter a new fixed asset, number FUR-ELC000136, in Microsoft Dynamics AX 2012. When you validate the acquisition journal for the new fixed asset, the system displays the following message: Account for the transaction type, value model, does not exist for fixed asset FUR- ELC000136. What is the cause of the problem?

A) The main account for the acquisition transaction type does not exist in the fixed asset posting profile.
B) The main account for the acquisition transaction type does not exist in the main account table.
C) The offset account does not exist in the Acquisition journal name form.
D) The main account for the acquisition transaction type does not exist in the value model.

Solutions: