Microsoft Microsoft Certifications MB-800 Questions & Answers

• Question 21:

  A company is using Dynamics 365 Business Central. The finance manager creates a new general ledger (G/L) account.

  You need to configure the system to include the G/L account in the general journal reconciliation window.

  What should you do?

  A. Add this G/L account to the Bank Account Posting Group.

  B. Enable the Direct Posting field in the G/L account card.

  C. Enable the Reconciliation Account field in the G/L account card.

  D. Create a new payment reconciliation journal.

  Correct Answer: C

  How to use the Reconciliation Account feature to view the balances of your GL Codes prior to posting.

  Configure the GL Codes

  The first thing you need to do is select the option “Reconciliation Account” on the GL code. You can do this by browsing to the “Chart of Accounts” and selecting a GL code and switching the option “Reconciliation Account” on.

• Question 22:

  A company is using Dynamics 365 Business Central. You manually import bank transactions daily.

  You need to streamline operations and implement automated processes that connect banks with Dynamics 365 Business Central.

  Which two tools can you use? Each correct answer presents a complete solution.

  NOTE: Each correct selection is worth one point.

  A. Extensions

  B. Export Electronic Payments

  C. Document Sending Profiles

  D. Document Exchange Service

  E. AppSource

  Correct Answer: AE

  A: Microsoft has added a new standard extension, “Simplified Bank Statement Import“.

  E: The ASN Banking app enables the user to automatically import bank transactions.

  ASN Banking app is designed to import bank transactions from ASN into the Bank-/Giro Journal of Microsoft Dynamics 365 Business Central.

  Reference:

  https://yzhums.com/11072/

  https://appsource.microsoft.com/en-us/product/dynamics-365-for-finance-and-operations/pubid.microapps

• Question 23:

  A company is implementing Dynamics 365 Business Central.

  Vendor open balances need to be posted to the general ledger (G/L) account directly by using the general journal.

  You need to configure the G/L account to allow users to post vendor open balances to payables accounts.

  Which setting should you use?

  A. Account Category

  B. Income/Balance

  C. Default Deferral template

  D. Direct Posting

  Correct Answer: D

  Direct posting is a very important field. It is used to enable or disable posting directly to the account. How? So, there are G/L accounts that you assign to posting groups like the receivables account, the payables account, and so on, and you would clear the field. In short, direct posting is not allowed there because of the choice you made. You can only post through a posting group.

  Reference: https://www.gestisoft.com/blog/create-a-g-l-account-in-dynamics-365-business-central

• Question 24:

  A company implements Dynamics 365 Business Central.

  You need to create a new payment terms record to meet the following requirements:

  1.

  Ensure that the due date for all vendor invoices is 30 days.

  2.

  Grant vendors a two percent discount if an invoice is paid within 10 days.

  Which three actions should you perform? Each correct answer presents a part of the solution.

  NOTE: Each correct selection is worth one point.

  A. Set the value of the Discount Date Calculation field to 2D.

  B. Set the value of the Discount Date Calculation field to 10D.

  C. Set the value of the Discount % field to 2.

  D. Set the value of the Due Date Calculation field to 30D.

  E. Set the value of the Discount % field to 10.

  Correct Answer: BCD

  B: Discount Date Calculation Specify the formula that is used to calculate the date that a payment must be made in order to obtain a discount.

  10 days - 10D.

  C: Discount % - Specify the discount percentage that is applied for early payment of an invoice amount.

  D: Due Date Calculation - Specify the formula that is used to calculate the date that a payment must be made.

  For example, if the payment must be made in one installment after two weeks, enter 14D.

  Reference:

  https://docs.microsoft.com/en-us/dynamics365/business-central/localfunctionality/italy/how-to-set-up-payment-terms

• Question 25:

  A company sells and services landscaping equipment.

  The company wants to calculate an item's sales unit price based on a flat profit rate of 20 percent.

  You need to adjust the item's unit price.

  What are two possible ways to achieve the goal? Each correct answer presents a complete solution.

  NOTE: Each correct selection is worth one point.

  A. Create a sales job price list for the specific item.

  B. Configure the unit price on the item card for the item.

  C. Create a sales price list for the specific item.

  D. Run the Adjust Item Costs/Prices batch job.

  E. Configure the unit price by using the Suggest Item Price on Wksh feature.

  Correct Answer: DE

  D: If you need to change the direct unit cost for several items, you can use the Adjust Item Costs/Prices batch job.

  Note: The batch job changes the contents in the Unit Price field on the item card. The batch job changes the content of the field in the same way for all items or selected items. The batch job multiplies the value in the field by an adjustment factor that you specify.

  Choose the Search icon, enter Adjust Item Costs/Prices, and then choose the related link.

  In the Adjust Field field, specify which item or SKU card field you want to adjust.

  In the Adjustment Factor field, specify the factor by which the value will be adjusted. For example, enter 1.5 to increase the value by 50%.

  On the Item FastTab, set filters to specify, for example, which items to process with the batch job.

  Choose the OK button.

  E: Suggest Item Price on Worksheet

  This function will create suggestions for changing the agreed item unit prices for your sales prices in the Sales Price table based on the unit price on the item cards. You can also use the Suggest Sales Price on Worksheet batch job to create

  suggestions for new sales prices.

  To update the item prices:

  Choose the Suggest Item Price on Worksheet from the Sales Price Worksheet Page.

  On the Item FastTab of the request page, fill in the fields with the original item prices you want to update.

  In the top section of the request page, fill in the Sales Type and Sales Code with the type and name you want the sales prices copied to.

  If you wanted to increase the item prices by some percentage, fill in the Adjustment Factor field. For instance, there should be 10% increase in item price. Then, input 1.10 as Adjustment Factor.

  If you want the batch job to create new prices, turn on the Create New Prices toggle.

  Choose OK to fill in the lines on the Sales Price Worksheet page with the suggested new prices.

  Reference: https://docs.microsoft.com/en-us/dynamics365/business-central/inventory-how-adjust-item-costs https://ebs.com.au/blog/sales-price-worksheet-tips-to-save-you-time

• Question 26:

  A company uses Dynamics 365 Business Central.

  You need to ensure that sales invoice discounts are calculated automatically.

  What should you configure?

  A. Discount Posting setting on the Sales and Receivables Setup page

  B. Calc. Inv. Discount setting on the Sales and Receivables Setup page

  C. Calc. Inv. Discount setting on the Purchase and Payables Setup page

  D. Show Amounts setting on the General Ledger Setup page

  Correct Answer: B

  If you invoice discounts to be calculated automatically, you can specify this on the Sales and Receivables Setup page.

  If you want invoice discounts to be calculated automatically, on the Sales and Receivables Setup page, turn on the Calc Inv. Discount toggle.

  Reference: https://learn.microsoft.com/en-us/dynamics365/business-central/across-prices-and-discounts https://learn.microsoft.com/en-us/dynamics365/business-central/sales-how-record-sales-price-discount-payment-agreements

• Question 27:

  A company uses Dynamics 365 Business Central.

  An accountant posts bank entries at month end. The accountant must manually reconcile customer and vendor payment entries.

  You need to reconcile the entries.

  Which two pages should you use? Each correct answer presents part of the solution.

  NOTE: Each correct selection is worth one point.

  A. Check Ledger Entries

  B. Vendor Ledger Entries

  C. Customer Ledger Entries

  D. Bank Account Ledger Entries

  Correct Answer: BC

  Reference: https://learn.microsoft.com/en-us/dynamics-nav-app/payables-how-apply-purchase-transactions-manually https://learn.microsoft.com/en-us/dynamics365/business-central/receivables-how-apply-sales-transactions-manually

• Question 28:

  A company uses Dynamics 365 Business Central.

  A purchaser receives a price list workbook from a vendor.

  You need to upload prices to the system.

  Which two types of price data can you load? Each correct answer presents part of the solution.

  NOTE: Each correct selection is worth one point.

  A. Unit of Measure code

  B. Item No.

  C. Customer price group

  D. Campaign

  Correct Answer: AB

  Reference: https://query.prod.cms.rt.microsoft.com/cms/api/am/binary/RWJyJd

• Question 29:

  A company uses Dynamics 365 Business Central.

  A vendor delivers items within one week after the company orders the items. The vendor ships the items by using a train.

  You need to configure the vendor card.

  A. Base calendar code

  B. Lead time calculation

  C. Location code

  D. Shipment method code

  Correct Answer: B

  Lead time calculation: This is the time it takes for the vendor to deliver the items after the company orders them. In this case, it would be set to one week. Shipment method code: This is the method by which the vendor ships the items. In this case, it would be set to train.

• Question 30:

  A company uses Dynamics 365 Business Central to manage receivables.

  You must import a series of payments from a bank account and automatically match the payments against similar ledger entries already entered in Business Central.

  You need to import and apply the payments to the ledger entries that are automatically matched by the system.

  Which form should you use?

  A. Payment services

  B. Payment Application Rules

  C. Payment Reconciliation Journal

  D. Payment Registration

  Correct Answer: C

  You must regularly reconcile your bank, receivables, and payables accounts by applying payments recorded in the bank to their related open (unpaid) invoices and credit memos or other open entries in Business Central.

  You can perform this task on the Payment Reconciliation Journal page, for example, by importing a bank statement file or feed to quickly register the payments. Payments are applied to open customer or vendor ledger entries based on matches between payment text and entry information.

  Note: The Payment Reconciliation Journal page specifies payments, either incoming or outgoing, that have been recorded as transactions on your online bank account or on a payment service and that you can apply to their related open customer, vendor, and bank account ledger entries. The lines in the journal can be filled in by importing a bank statement as a bank feed or file or by manually entering transactions that you make on your payment service.

  Reference: https://docs.microsoft.com/en-us/dynamics365/business-central/receivables-how-reconcile-customer-payments-list-unpaid-sales-documents