mb-310 Free Practice Test

A legal entity has locations and customers in multiple states within the United States.
You need to ensure that taxable customers are charged sales tax for taxable items in their delivery location. Which three settings must you configure? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.

1. A. the Sales tax group on the Customer record
2. B. the Terms of delivery setup
3. C. the Item Sales tax group on the Item record
4. D. the Sales reporting codes
5. E. the Sales tax codes

Correct Answer: ABE

Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
A client has multiple legal entities set up in Dynamics 365 for Finance and Operations. All companies and data reside in Finance and Operations.
The client currently uses a separate reporting tool to perform their financial consolidation and eliminations. They want to use Finance and Operations instead.
You need to configure the system and correctly perform eliminations.
Solution: Select Consolidate with import. Does the solution meet the goal?

1. A. Yes
2. B. No

Correct Answer: B
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/consolidation-eliminatio

You are the accounts receivable manager of an organization. The organization recently sold machinery to a customer. You need to registers transaction for the sale of the machinery by using a free text invoice for fixed assets. Which transaction type should you use?

1. A. Disposal
2. B. Acquisition
3. C. Value adjustments
4. D. Depreciation

Correct Answer: A

A client is using the budget planning process in Dynamics 365 for Finance and Operations. Your client requires the ability to plan for a one-year, three-year, and five-year budget. You need to configure the various year length options to be used in the budgeting module. What should you do?

1. A. Configure budget control.
2. B. Configure budget codes.
3. C. Configure budget allocation terms.
4. D. Configure budget cycles.

Correct Answer: B

You are configuring the Accounts payable module for a company.
The company needs to set a limit on the charges they will pay for specific items. You need to set up the limit for charges.
Which two actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

1. A. Define the maximum charge amount on the vendor record.
2. B. Enter the maximum amount when you set up the charges code.
3. C. Use budget control with the specified charges code.
4. D. Set the maximum charge amount in the Accounts payable parameters,
5. E. Enable invoice matching validation in the Accounts payable parameters.

Correct Answer: BE