MCQ Practice Single Best Answer Topic: Exam MB-920: Microsoft Dynamics 365 Fundamentals (ERP) MCQ

Q

You are implementing Dynamics 365 Finance.

You are setting up the chart of accounts. Some accounts must be available for only the first 90 days of the year.

You need to ensure that these accounts are suspended after 90 days.

What should you configure?

Question ID
#24334
Subchapter
Exam MB-920: Microsoft Dynamics 365 Fundamentals (ERP) MCQ
Action
Choose one option below

Choose Your Answer

Click an option to check whether your answer is correct.

  • A Financial dimensions
  • B Legal entity overrides
  • C Journals
  • D Period-end close
Correct Answer: B

Explanation

This item tests the candidate’s knowledge of the general ledger features in Dynamic 365 Finance.

Legal entity overrides are for short-term use. Not all main accounts are valid for all legal entities, and some main accounts might be relevant only for a specific period. Legal entity overrides are for short-term use. Not all main accounts are valid for all legal entities, and some main accounts might be relevant only for a specific period. Journal entries are used only for adjustments. Period-end close is when you run the process for the end of the period.

Get started with chart of accounts in Dynamics 365 Finance - Training | Microsoft Learn

Plan your chart of accounts - Finance | Dynamics 365 | Microsoft Learn

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