Microsoft MB7-701 Online Practice Questions and Exam Preparation

Microsoft MB7-701 Online Questions & Answers

• Question 61:

  You have five sales orders with shipped lines that need to be invoiced on one sales invoice. You use the Get Shipment Lines function on the sales invoice. What happens to the sales orders when you post the sales invoice?

  A. The sales orders are updated with the value from the Invoiced Quantity field. You then have to delete the sales orders manually or by running the Delete Invoiced Sales Orders batch job.
  B. The sales orders are deleted when you post the invoice.
  C. An internal sales return order is created with the same date as that of the invoice that is posted using the Ship and Invoice option.
  D. The sales order shipment lines are reversed, and the sales invoices are posted using the Ship and Invoice option.
  A. The sales orders are updated with the value from the Invoiced Quantity field. You then have to delete the sales orders manually or by running the Delete Invoiced Sales Orders batch job.

• Question 62:

  A company has a large number of part-time employees, each working a different number of hours every week. The payroll expense for these employees must be recorded weekly. You set up a recurring journal. Which Recurring Method should you use to record the payroll expenses?

  A. Variable
  B. Fixed
  C. Reversing Fixed
  D. Balance
  D. Balance

• Question 63:

  When processing purchase invoices, employees at a company enter the following information: order number, invoice number, vendor number, vendor order number, vendor invoice number, and item numbers. Which of these numbers can be made mandatory by using the Ext. Doc. No. Mandatory check box on the Purchases and Payables Setup window?

  A. Vendor invoice number
  B. Vendor number
  C. Vendor order number
  D. Invoice document number
  A. Vendor invoice number

• Question 64:

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

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

• Question 65:

  You need to configure Microsoft Dynamics NAV to register when specific users log on and for how long they stay logged on. Which page should you use?

  A. Users
  B. User Setup
  C. Application Setup
  D. Permission Set
  B. User Setup

• Question 66:

  You create a purchase order. The work date is October 25, the order date is October 29, the document date is November 2, and the posting date is November 3. Payment terms are 14D. Which date is the due date?

  A. November 8
  B. November 12
  C. November 15
  D. November 17
  C. November 15

• Question 67:

  What happens in a general journal when the Amount on all the lines balances to zero?

  A. If set up on the journal's batch, the Document No. on the subsequent line is given the next sequential number.
  B. The journal posts automatically.
  C. The user is asked to confirm if the journal is to be posted now.
  D. If set up on the journal's batch, the Posting Date on the subsequent line is incremented by one day.
  A. If set up on the journal's batch, the Document No. on the subsequent line is given the next sequential number.

• Question 68:

  When entering a purchase invoice based on an associated purchase order, a user finds multiple item numbers on the vendor's invoice. You advise the user to process the invoice lines using the data on the Get Receipt Lines window for each item-related invoice line, instead of entering these item lines manually.

  What are two reasons you advise this action? (Each correct answer presents a complete solution. Choose two.)

  A. It is the only way to add the packing slip number to the invoice lines.
  B. Lines that are entered manually are not accepted on a purchase invoice based on an associated purchase order.
  C. It prevents the items from being received again, creating double stock, when posting the invoice.
  D. It enables the user to check immediately whether the invoiced items have all been received completely and if they have been invoiced.
  C. It prevents the items from being received again, creating double stock, when posting the invoice.
  D. It enables the user to check immediately whether the invoiced items have all been received completely and if they have been invoiced.

• Question 69:

  What is the main purpose of the Item Category Code field?

  A. To enable users to run the Post Inventory Cost to C/I batch job
  B. To create templates with pre-defined values so users do not have to enter posting groups when setting up an item card
  C. To group items when printing statistics reports
  D. To group items so that it is easier to filter them
  B. To create templates with pre-defined values so users do not have to enter posting groups when setting up an item card

• Question 70:

  When creating purchase orders and purchase invoices, a company requires entering the order number, invoice number, vendor number, vendor order number, vendor invoice number, and item numbers. You need to check the details related to a posted vendor's invoice by using the Navigate function.

  What should you do?

  A. On the External Tab, select Vendor in the Business Contact Type field, and enter the vendor invoice number.
  B. On the Source Tab, enter the vendor number and vendor invoice number.
  C. On the Item Tracking Tab, select Vendor in the Business Contact Type field, and enter the item number.
  D. On the General Tab, select Vendor in the Business Contact Type field, and enter the vendor invoice number.
  C. On the Item Tracking Tab, select Vendor in the Business Contact Type field, and enter the item number.