MB6-507 Exam Demo

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Exam Number/Code: MB6-507
Exam Name: AX 4.0 Financials
Questions and Answers: 69 Q&As

1. Which of the following is the result of selecting the checkbox Locked in Journal under the General tab of the Chart of Accounts?
A. It  would close an account in the journal and transfer balances to the electronic closing sheet.
B. It prevents posting on all accounts in the journal.
C. It only allows new debit transactions to be posted.
D. It prevents posting on an account in the journal.
Answer: D
2. Your company wants to generate a number of sequentially numbered checks in the bank module. Which of the following is a requirement to allow sequentially numbered checks?
A. Set up a number sequence on the check layout.
B. Select Automatic check numbering in the Parameters.
C. Create a Check group and define the number sequence.
D. Select Fixed in the check numbering method.
Answer: D
3. At what stage can a check number be deleted from the Bank module?
A. When the check status is Cancelled.
B. When the check status is Created.
C. At any stage in the payment process.
D. When the check status is Void.
Answer: B
4. Given the following information, which of the following happens when Invoice 1 is settled?
Date           Text                   Company Currency               USD
01 Dec.      Invoice 1                       100                       120
31 Dec.      Unreal. exch. profit.              20                         0
20 Jan.      Payment                       1005                       120
A. A realized exchange loss adjustment of 15 is posted.
B. Invoice 1 is settled 100% and the Customer has a balance of 15.
C. Unrealized exchange adjustment of 20 is reversed and a realized exchange adjustment of 5 is posted.
D. Unrealized exchange adjustment of 20 is reversed with 15 and no realized exchange adjustment is posted.
Answer: C
5. How do you indicate which company you are posting an intercompany transaction to?
A. Choose the account type of intercompany on the journal line and choose the company.
B. Choose the intercompany vendor on the journal line which then automatically chooses the company.
C. Choose the company to post to on the General tab in the Offset Company Accounts field.
D. Choose the company to post to on the General tab in the Company Accounts field.
Answer: C

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