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Microsoft Dynamics NAV 2013 Core Setup and Finance Sample Questions:

1. Which statement about the value added tax (VAT) calculation type reverse charge VAT is true?

A) This option creates two G/L entries with the VAT amount that balance to U and two VAT entries.
B) This option is used only by Sales & Receivables and creates two VAT entries with the VAT amount that balance to 0.
C) This option creates two G/L entries with the VAT amount that balance to 0 and one VAT entry.
D) This option is used only by Purchases & Payables transactions and creates two VAT entries with the VAT amount that balance to 0.

2. You need to record maintenance costs using the fixed asset journal. Which field should you set?

A) Maintenance Vendor No
B) FA Posting Type
C) Next Service Date
D) Under Maintenance

3. What amounts can you always view and analyze from the Analysis by Dimensions Matrix window?

A) Global Dimension 1, Global Dimension 2, andG/Laccounts
B) The dimensions defined in the analysis view, Global Dimension 1, and Global Dimension 2
C) Cash flow accounts,G/Laccounts, and period
D) The dimensions defined in the analysis view,G/Laccounts, and period

4. When creating purchase orders and purchase invoices, a company requires entering the order number, invoice number, vendor number, vendor order number, vendor invoice number, and item numbers.
You need to check the details related to a posted vendor's invoice by using the Navigate function. What should you do?

A) On the General Tab, select Vendor in the Business Contact Type field, and enter the vendor invoice number.
B) On the External Tab, select Vendor in the Business Contact Type field, and enter the vendor invoice number.
C) On the Source Tab, enter the vendor number and vendor invoice number.
D) On the Item Tracking Tab, select Vendor in the Business Contact Type field, and enter the item number.

5. Which options can be compared by the Budgets feature in Microsoft Dynamics NAV?

A) G/L accounts, periods, and global dimensions
B) Departments, projects, and customer groups
C) Departments, projects, and G/L accounts
D) G/L accounts, periods, and analysis views

Solutions: