Microsoft MB6-893 Online Practice Questions and Exam Preparation

Microsoft MB6-893 Online Questions & Answers

• Question 61:

  Your customer needs to set up Fixed assets and treat them as though they were purchased and placed in service at the mid-point of the first year, no matter when during that year the purchase was actually made. Which depreciation convention should you use when creating the depreciation profile?

  A. full month
  B. half year
  C. mid quarter
  D. mid month
  B. half year

• Question 62:

  You are an accounting manager, your company has a new customer, A ledger account must be set up to record the sales tax liability and payments made to the taxing authority in the customer's specific region automatically. Which two account groups should you choose for these ledger accounts? Each correct answer presents part of the solution.

  A. Settlement account
  B. Sales-tax receivable
  C. Sales-tax payable
  D. Use-txpayable
  C. Sales-tax payable
  D. Use-txpayable

• Question 63:

  You are creating a project budget for the year and are working on the different types of projects to base the project on. Project budgets allow projections based only on which three criteria? Each correct answer presents a complete solution.

  A. Group
  B. Amount
  C. Activity
  D. Category
  E. Estimate
  C. Activity
  D. Category

• Question 64:

  Your company is planning on using budget control.

  You need to designate which document types will have budget control on line-entry and which document types will have budget control upon posting.

  Which three documents allow you to enable the budget control at line-entry? Each correct answer presents a complete solution.

  A. Purchase Requisitions
  B. Sales Orders
  C. Project Timesheets
  D. Expense Reports
  E. Purchase Orders
  C. Project Timesheets
  D. Expense Reports
  E. Purchase Orders

• Question 65:

  You are setting up taxes on customer invoices.

  You need to report a sales tax on the invoice, as and when it is settled, to the tax authorities.

  -On January 10, you create an invoice of 1,000 USD, plus 250 USD in sales tax.

  -On February 15, the customer pays half of the invoice, 500 USD, plus 125 USD in sales tax.

  -On March 10, you report tax for February. The 125 USD is included in the sales tax payment.

  When the customer settles the invoice with the second payment of 625 USD, you report the remaining sales tax.

  What should you set up in this situation?

  A. sales tax exemption
  B. standard sales tax
  C. withholding sales tax
  D. conditional sales taxes
  A. sales tax exemption

• Question 66:

  You are an accounts payable manager.

  Your company buys office supplies from an out-of-state vendor. The vendor charges 100.00 USD for the supplies and no tax. The company may still owe taxes to the sales tax authority in its own state.

  You need to define the ledger account to manage these transactions.

  Which account group should you choose?

  A. use-tax payable
  B. use-tax expense
  C. sales-tax receivable
  D. sales-tax payable
  C. sales-tax receivable

• Question 67:

  You need to consolidate multiple subsidiary company transactions into the consolidation company in Microsoft Dynamics AX Financial.

  You need to modify the financial dimensions at the time of consolidation, such as including the originating company code on each transaction.

  When performing a consolidation in Dynamics AX, which three specifications can be selected for each dimension? Each correct answer presents a complete solution.

  A. group dimension
  B. main accounts
  C. dimension
  D. operating units
  E. company accounts
  A. group dimension
  C. dimension
  D. operating units

• Question 68:

  You are an accountant.

  You are creating your travel expense budget for the fiscal year and want to enter the same budget amount for each month.

  On the budget register entry, which option should you choose?

  A. transfer balances
  B. allocate across dimensions
  C. enter recurrence
  D. allocate across periods
  A. transfer balances

• Question 69:

  You are the finance manager at your company, and you are configuring the bank module. Your primary concern is reviewing processes before posting.

  Aside from workflow, which two processes are in the cash and bank parameters for an un- posted journal to be created before posting? Each correct answer presents a complete solution.

  A. intercompany transfers
  B. electronic payments
  C. deposit slip cancellations
  D. check reversals
  B. electronic payments
  D. check reversals

• Question 70:

  You need to enter fixed asset acquisitions into Microsoft Dynamics AX Financial. Where can you do this?

  A. In the general journal of the General Ledger module.
  B. In the payment journal of the Accounts Payable module.
  C. In the payment journal of the Accounts Receivable module.
  D. In the Free text invoice form of the Accounts Receivable module.
  A. In the general journal of the General Ledger module.