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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. In Microsoft Dynamics AX 2012, which of the following bank account status options are available? (Choose all that apply.)

A) Closed
B) Open
C) Inactive for new transactions
D) Active for all transactions

2. You set up an asset in Microsoft Dynamics AX 2012. What is the initial status of the value model?

A) Closed
B) Not yet acquired
C) Open
D) Suspended

3. You need to import an electronic bank confirmation for a vendor payment. In Microsoft Dynamics AX 2012, which form should you use?

A) Payment transfer journal
B) General ledger journal
C) Bank journal
D) Payment journal

4. You enter a new fixed asset, number FUR-ELC000136, in Microsoft Dynamics AX 2012. When you validate the acquisition journal for the new fixed asset, the system displays the following message: Account for the transaction type, value model, does not exist for fixed asset FUR- ELC000136. What is the cause of the problem?

A) The main account for the acquisition transaction type does not exist in the fixed asset posting profile.
B) The main account for the acquisition transaction type does not exist in the value model.
C) The main account for the acquisition transaction type does not exist in the main account table.
D) The offset account does not exist in the Acquisition journal name form.

5. You need to enable sales tax calculation in Microsoft Dynamics AX 2012. Which of the following must you set up?

A) the ledger posting group that is attached to the sales tax groups
B) the sales tax code for the sales tax groups
C) the sales tax authorities that are attached to the vendor
D) the item sales tax group that is attached to the customer, vendor, and item

Solutions: