Great Plains 8.0 Financials
Exam Questions, Answers,
Many thanx to www.examcheets.com
and www.exams.ws for providing help.
If the shipping method is pickup, which tax schedule
will appear by default on a Receivables transaction?
A. The tax schedule assigned in Receivables Management
B. The tax schedule assigned to the company
C. The tax schedule assigned to the customer
D. The tax schedule assigned to the item
Which type of accounts can be used as breakdown accounts
when you set up a variable Allocation account?
A. Posting Accounts
B. Other Variable Allocation Accounts
C. Unit Accounts
D. Fixed Allocation Accounts
Ans: A, C
It is September 6 and you want to print a report showing
the Payables Management balance as of August 31. Which
report should you print?
A. Vendor Period Analysis
B. Historical Aged Trial Balance
C. Vendor Financial Summary
D. Transaction History Summary
Which of the following statements are true about scheduled
payments in Receivables Management?
A. Interest can be calculated using simple or compound
B. Scheduled payments must be entered in a batch
C. Only one scheduled payment transaction can exist
for each customer
D. An invoice must be posted prior to creating the
Ans: A, D
How should a check be voided that was incorrectly
entered in Payables Management?
A. Update the check amount when reconciling the checkbook
and it will automatically update both
Bank Reconciliation and Payables. Management.
B. Void the check payment in Payables Management and
it will automatically update Bank
C. Void the check payment in both Payables Management
and in Bank Reconciliation to update
both modules correctly.
D. Void the check in Bank Reconciliation and it will
automatically update Payables Management.
An intercompany transaction is entered in Payables
Management. When will this information be Sent over
to the destination company?
A. When the transaction is saved in a batch in General
B. When the transaction is posted in Payables Management
C. When the transaction is posted in General Ledger
D. When the transaction is saved in a batch in Payables
How does the integration from Purchase Order Processing
by Receipt Line work?
A. By marking the line item as a Capital Item when
the item is received
B. By changing the account number on the PURCH type
distribution line to a trigger account
C. By marking the Capital Item checkbox in Item Maintenance
D. By changing the account number on the PURCH type
distribution line to a Fixed Assets Purchase Posting
Which transaction type will have no affect on a customer
B. Debit Memo
D. Credit Memo
How can you print a detailed Trial Balance from General
Ledger and a Historical Aged Trial Balance from Payables
Management in a single step?
A. Add each report group to the purchasing routines
B. Add each report to a combined group
C. Add each report option to a custom report
D. Add each report option to a report group