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Exam Code: MB3-701
Exam Name: Microsoft (Microsoft GP 2013 Financials)
One year free update, No help, Full refund!
Total Q&A: 75 Questions and Answers
Last Update: 2014-02-16
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NO.1 Which setup is required to create salesperson records?
A. Vendors
B. National accounts
C. Sales territories
D. Employees
Answer: C
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NO.2 You enter a transaction in the Receivables module.
You need to apply the entry to a Receivables document that was posted previously.
Which two document types should you use? (Each correct answer presents a complete solution.
Choose two.)
A. Credit Memos
B. Warranties
C. Returns
D. Debit Memos
Answer: A,C
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Explanation:
Ref: https://community.dynamics.com/gp/f/ 32 /p/106116 / 207506.aspx#.Uf-Fz0HvvUl
NO.3 You need finance charges to appear on customer statements.
What should you do? (Each correct answer presents part of the solution. Choose two.)
A. Run the receivables aging process.
B. Post the receivables finance charge batch.
C. Reconcile the outstanding document amounts.
D. Run the assess finance charge process.
Answer: B,D
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Explanation:
Ref:
http://www.dynamicsgpinsights.com/ 2012 / 07 / 03 /receivables-management-period-endclosing-in-dyn
amics-gp/
NO.4 Which condition must be met in order to void a receivables cash receipt?
A. The cash receipt must be in the open file.
B. The cash receipt must be fully applied to one or more invoices.
C. The cash receipt must not be posted.
D. The cash receipt must be on hold-
Answer: A
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NO.5 You set up a National Account.
Which two are true? (Each correct answer presents part of the solution. Choose two.)
A. Individual sales summary and demographic information about both the parent customer and the
associated child customers are retained in Dynamics tables.
B. You can combine all sales transaction activity for both the parent customer and associated child
customers into one statement.
C. You can enter a cash receipt for the child customer and apply the receipt to the parent customer.
D. If you delete the parent customer, the associated child customers are deleted also.
Answer: C,D
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NO.6 Which is true when you create a refund check?
A. You must set up a customer/vendor relationship.
B. You must place the Sales document to be refunded on hold.
C. You can only create a refund check to the parent company if the customer is part of a National
Account.
D. You must set up customer Electronic Funds Transfer (EFT) information in the Customer Card.
Answer: A
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NO.7 What is the effect of placing a customer record on hold?
A. The customer record is inactivated automatically.
B. You can enter only customer payments for that customer.
C. A warning message appears when you enter a new sales transaction.
D. You cannot post new transactions for that customer.
Answer: C
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NO.8 Which two processes can you perform in Paid Sales Transaction Removal? (Each correct
answer presents part of the solution, Choose two.)
A. Delete inactive customers.
B. Transfer sales commissions to employees.
C. Consolidate balance forward accounts.
D. Transfer fully applied transactions to history.
Answer: C,D
Microsoft exam MB3-701 MB3-701 certification MB3-701 MB3-701
Explanation:
Ref:
http://www.dynamicsgpinsights.com/ 2012 / 07 / 03 /receivables-management-period-endclosing-in-dyn
amics-gp/
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