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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, you enter a fixed asset that is associated with a
project into the Project form. Which project types can you use for the fixed asset?
(Choose all that apply.)

A) Time
B) Internal
C) Cost
D) Investment
E) Time and material
F) Fixed price

2. In Microsoft Dynamics AX 2012, which of the following types of information are required to create a journal entry line in the General Ledger? (Choose all that apply.)

A) Debit or Credit amount
B) Offset account
C) Accounting date
D) Dimension
E) Account
F) Account name
G) Transaction text

3. Which of the following actions can you perform when defining the fiscal yearend close parameters in Microsoft Dynamics AX 2012?

A) Set the period status to current for new fiscal periods.
B) Set the Main accounts to the default value for the new fiscal year.
C) Delete close-of-year transactions during transfer.
D) Create an opening balance for the new fiscal year.

4. While invoice-updating a sales order, Microsoft Dynamics AX 2012 displays the following error. Account number for transaction type Tax does not exist. You need to resolve the error. What should you do?

A) In the Customer posting profiles form, set the sales tax prepayment main account for the customer.
B) In the Ledger posting groups form, specify the main account for the corresponding ledger posting group.
C) In the Sales tax codes form, set the ledger posting group for the tax combination from the sales order.
D) Create a record in the item Posting form for the sales tax group that is used in the sales order.

5. What is the maximum number of collection letter codes that can be created for a collection letter sequence in Microsoft Dynamics AX 2012?

A) 1
B) 6
C) 5
D) 3

Solutions: