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

Q

You are implementing Dynamics 365 Finance for a company.

You need to view account balances for the first half of the fiscal year in the general ledger.

In which two locations can you view the account balances? Each correct answer presents a complete solution.

Question ID
#24352
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 Accounts receivable
  • B Budget planning
  • C Trial balance
  • D Financial reports
  • E Cash management
Correct Answer: C,D

Explanation

Trial balances and financial reports are all items that are associated with the general ledger within Dynamics 365 Finance.

The trial balance is a list page that shows all the balances of an account and/or dimensions for a given period of time and dimension set. The financial reports let you run reports based on the time period and parameters you enter. AR is what you set up to keep track of money due to the company and invoices paid. Budget planning is used to budget different periods on how much money is going to be used and received to be able to allocate resources correctly. Cash and bank management is used to maintain the legal entity’s bank accounts and the financial instruments that are associated with those bank accounts.

Explore reporting tools in finance and operations apps - Training | Microsoft Learn

General ledger account balances - Finance | Dynamics 365 | Microsoft Learn

Share This Question

Share this MCQ with your friends or study group.