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Microsoft Dynamics AX 2012 Financials Sample Questions:

1. While invoice-updating a sales order, Microsoft Dynamics AX 2012 displays the following error. Account number for transaction type Tax does not exist. You need to resolve the error. What should you do?

A) In the Sales tax codes form, set the ledger posting group for the tax combination from the sales order.
B) In the Ledger posting groups form, specify the main account for the corresponding ledger posting group.
C) Create a record in the item Posting form for the sales tax group that is used in the sales order.
D) In the Customer posting profiles form, set the sales tax prepayment main account for the customer.

2. In Microsoft Dynamics AX 2012, when can you use the cross-rate functionality in the Accounts Receivable Settle open transaction form?

A) When the customer invoice has been created by using a free text invoice.
B) When the invoice currency and payment currency are different.
C) When the invoice currency and payment currency are the same.
D) When the customer is making an advance payment.

3. In Microsoft Dynamics AX 2012 which journal type should you use in the Journal name form if budgets for fixed assets are required?

A) Daily
B) Post fixed asset
C) Periodic
D) Fixed asset budget

4. In Microsoft Dynamics AX 2012, what is the process of Accounts Payable three-way invoice matching?

A) Matching the vendor invoice, sales order, and product receipts information.
B) Matching the customer invoice, purchase order, and product receipts information.
C) Matching the vendor invoice, purchase order, and product receipts information.
D) Matching the customer invoice, sales order, and product receipts information.

5. In Microsoft Dynamics AX 2012, which of the following statements about depreciation for assets that have not yet been acquired is true? (Choose all that apply.)

A) You can post depreciation for the assets by using depreciation proposals.
B) You can generate depreciation for the assets by using depreciation proposals and specifying a future posting date.
C) You cannot post depreciation for the assets.
D) You can post depreciation for the assets by using the depreciation books journal.

Solutions: