Vendor
: Microsoft
Exam Code : MB3-701
Version: Demo
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Q: 1 Clive works as the Accounts Manager at a company named ABC.com. The company uses Microsoft Dynamics GP 2013. Clive needs to create three new accounts. One account will be used to record the employee headcount, the second account will be used to record the square footage of the company warehouses and offices and the third account will be used to record the number of customers with overdue accounts. What accounts should Clive create? A. Three Posting accounts. B. One Posting account and two Variable Allocation accounts. C. Two Fixed Allocation accounts and one Variable Allocation account. D. Three Unit Accounts. E. Two Unit Accounts and one Posting account. Answer: D Q: 2 Clive works as the Accounts Manager at a company named ABC.com. The company uses Microsoft Dynamics GP 2013. Gina works with Clive in the Accounts department as an Accounts Assistant. Gina informs Clive that the balance of the Inventory sub-ledger and its General Ledger account are not the same. Clive needs to identify the reason that the balances differ. How can Clive identify the reason for the different balances? A. By running the Reconcile to GL process. B. By running the Reconcile process. C. By manually searching for unposted trasactions. D. By running a Batch Recovery. Answer: A Q: 3 You work for a company named ABC.com. You are configuring a recently installed Microsoft Dynamics GP 2013 system. Clive works as the Accounts Manager. During the configuration of the system, you configured Fixed Asset integration with General Ledger. Clive is now able to run the Fixed Assets GL Posting routine to create a batch of transactions the he can post to General Ledger. Which two other Dynamics GP 2013 modules can integrate with the Fixed Assets module (Choose two)? A. Inventory B. Payables Management C. Receivables Management D. Bank Reconciliation E. Purchase Order Processing Answer: B,E Q: 4 Clive works as the Accounts Manager at a company named ABC.com. The company uses Microsoft Dynamics GP 2013. Clive is maintaining fixed assets in the Asset Maintenance window. Which three of the following statements regarding assets are true? (Choose three) A. An asset can have a status of Active or Retired. B. An asset can be partially retired based on quantity or cost. C. You cannot reverse the retirement of an asset. D. Retired assets can be transferred. E. Assets can be partially transferred.
Answer: A,B,E Q: 5 Clive works as the Accounts Manager at a company named ABC.com. The company uses Microsoft Dynamics GP 2013. Clive is configuring Fixed Assets. He needs to configure the default depreciation methods. Which Fixed Asset setup includes the following fields: Depreciation Method, Averaging Convention, Switchover and Salvage Percentage? A. Book Class setup. B. Class setup C. Asset Class setup D. Book setup E. Fixed Assets Company setup. Answer: A