GP 9.0 Financials
Exam Questions, Answers,
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Payments can be entered in which of the following
transaction windows in Receivables Management? Choose
the 2 that apply.
A. Receivables Transaction Entry
B. Cash Receipts Entry
C. Apply Documents
D. Posted Transactions Maintenance
Ans: A, B
What happens when a reversing transaction
is entered in the General Ledger Transaction Entry
A. Two transactions are posted immediately, one on
the transaction date, and one on the reversing date.
B. A previously entered transaction is reversed.
C. A transaction is posted on the transaction date,
and when the user date is set to the reversing date,
a reversing transaction will post.
D. A transaction is posted immediately, and another
will be posted after the year-end closing is run.
Which statements are true about the posting
to History's option in General Ledger Setup when transactions
are posted to "history"? Choose the 2 that
A. You can post a transaction to any historical year
set up in Fiscal Periods Setup.
B. Two entries are posted; one to update the beginning
balances for the current year and one to update the
C. It allows adjusting entries to be entered into
General Ledger for the previous year, even though
it has been closed.
D. After posting to history, you need to make manual
adjustments to the current year retained earnings
Ans: B, C
Which transaction type can be entered in
B. Invoices with Payments
D. Credit Memos
Which method of posting allows you to post
a Receivables Management and Payables Management batch
at the same time?
A. Batch Posting
B. Transaction Level Posting
C. Series Posting
D. Master Posting
Which of the following file formats are available
when saving a Microsoft Dynamics GP report to a file?
Choose the 3 that apply.
C. Comma Delimited
Ans: A, C, D
Where is security activated?
A. Security Setup window
B. Company Setup window
C. SQL Options window
D. Microsoft Dynamics GP Utilities window
Which deposit type allows you to remove receipts
without affecting your checkbook balance?
A. Deposit With Receipts
B. Deposit Without Receipts
C. Clear Unused Receipts
D. Transfer Receipts
Why would you mark a fiscal period as closed
for the financial series?
A. To consolidate a period balance
B. To be able to perform the year-end closing routine
C. To ensure no transactions can be posted to that
D. To update the retained earnings account for the
Which option on the menu bar should be selected
if you want to mark a group of consecutive documents
in the reconcile window?
What is the purpose of the se Account Settings
option in Posting Setup?
A. Allows you to use the account level security option
B. Allows you to post some accounts in detail and
others in summary to the General Ledger
C. Allows you to restrict which accounts will appear
in each series
D. Allows you to maintain history for selected accounts
What are the benefits of vendor classes?
Choose the 3 that apply.
A. Ability to sort some reports by vendor class
B. Allow you to make a change to a vendor that will
automatically change the vendor class assigned to
C. Speeds up entering vendors by providing defaults
for new vendor records
D. Allow you to group vendors by class on some reports
Answer: A, C, D