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Microsoft MB7-701 Valid Braindumps - Microsoft Dynamics NAV 2013 Core Setup and Finance

MB7-701
  • Exam Code: MB7-701
  • Exam Name: Microsoft Dynamics NAV 2013 Core Setup and Finance
  • Updated: May 14, 2025
  • Q & A: 78 Questions and Answers
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Free Download Latest MB7-701 Exam Tests

Microsoft Dynamics NAV 2013 Core Setup and Finance Sample Questions:

1. How do you prevent users from posting transactions into a prior accounting period?

A) Populate the Allow Posting From field on the General Ledger Setup window.
B) Populate the Allow Posting To field on the General Ledger Setup window.
C) Check the Date Locked field in the relevant accounting period record.
D) Check the Closed field in the relevant accounting period record.


2. What are the components of an account schedule?

A) An analysis view name, a defined list of G/L accounts, and a column layout
B) An analysis view name, a list of lines, and a defined list of G/L accounts
C) A schedule name, a list of lines, and a column layout
D) A schedule name, a list of G/L accounts, and a column layout


3. A company uses Microsoft Dynamics NAV Fixed Assets (FA) to keep track of gains and losses when selling fixed assets.
A fixed asset has a value of $800. You sell the asset for $600.
What steps should you take to post this transaction to the G/L entries and FA entries?

A) Create a sales invoice on a line using theG/LAccount type with the amount of 5600, then dispose of the fixed asset in the FAG/Ljournal for $800.
B) Create a sales invoice on a line using the Fixed Asset type with the amount of $600, and then dispose of the fixed asset in the FA G/L journal for $200.
C) Create a sales invoice on a line using the Fixed Asset type with the amount of $600. The difference value (loss) is posted automatically.
D) Create a sales invoice on a line using the Fixed Asset type with the amount of $800 dollars and a second line using the G/L Account type with the amount of -/- $200.


4. Which two statements about fixed assets insurance are true? (Each correct answer presents a complete solution. Choose two.)

A) Running the Insurance - Uninsured FAs report creates a list of fixed assets that are not covered by insurance.
B) The posting fields on each insurance card must be populated before posting to a G/L.
C) Depreciation books and insurance depreciation books are identical.
D) Each insurance card must be linked to a predefined insurance type.


5. A customer reports that in the RoleTailored client, the Customer Statistics FactBox takes up too much space on the customer list page. What should you do to remove the Customer Statistics FactBox?

A) Click Action on the Customer Statistics FactBox and select Remove.
B) Click the Customer Statistics FactBox and drag it out of the customer list page.
C) Right-click the Customer Statistics FactBox and select Remove.
D) Click the ribbon on the customer list page, click Customize, and then click Remove Customer Statistics FactBox.


Solutions:

Question # 1
Answer: A
Question # 2
Answer: C
Question # 3
Answer: C
Question # 4
Answer: A,C
Question # 5
Answer: B

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