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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. You need to post an intercompany general ledger journal. In Microsoft Dynamics AX 2012, what should you set up to enable intercompany posting? (Choose all that apply.)

A) Set up the intercompany journal name in both companies.
B) Set up the intercompany posting accounts in both companies.
C) Set up the intercompany posting accounts in only one company.
D) Set up the intercompany journal name in only one company.

2. You need to loan fixed assets in Microsoft Dynamics AX 2012. What should you do?

A) Click the Lend button on the Fixed asset form.
B) Use the inventory to fixedasset journal.
C) Use the fixed asset journal.
D) Use the Loaned equipment periodic function.

3. In Microsoft Dynamics AX 2012, where do you set up the capitalization threshold?

A) In the Inventory parameters.
B) In the Fixed Asset groups.
C) In the General Ledger main accounts.
D) In the Inventory item groups.

4. In Microsoft Dynamics AX 2012, which of the following statements about a chart of accounts is true?

A) A chart of accounts can be used for no more than one legal entity.
B) A chart of accounts can be used for multiple legal entities within an organization.
C) A chart of accounts can be used for only one division of a legal entity.
D) A separate chart of accounts can be used for each division of a legal entity.

5. In Microsoft Dynamics AX 2012, which of the following types of information are required to create a journal entry line in the General Ledger? (Choose all that apply.)

A) Account name
B) Dimension
C) Debit or Credit amount
D) Offset account
E) Transaction text
F) Accounting date
G) Account

Solutions: