Microsoft MB6-895 Exam Practice Questions (P. 1)
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Question #1
The controller of your company has received notice from the taxing agency of another state that the sales tax rate on the companys products sold in that state will increase by 0.5% starting on January 1st and continuing in perpetuity.
You must make all changes necessary in Microsoft Dynamics 365 for Finance and Operations to make these changes take effect on January 1st.
Which object in Microsoft Dynamics 365 for Finance and Operations should be modified to make this change?
You must make all changes necessary in Microsoft Dynamics 365 for Finance and Operations to make these changes take effect on January 1st.
Which object in Microsoft Dynamics 365 for Finance and Operations should be modified to make this change?
- ASales tax code
- BLedger posting group
- CSales tax authority
- DSettlement period
Correct Answer:
A
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/indirect-taxes- overview
A
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/indirect-taxes- overview
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Question #2
A vendor contacts you about an unpaid invoice. You verify that the check was printed and mailed one month ago. Because the check has not been received by the vendor, you need to reissue a check to the vendor.
Which action should you perform?
Which action should you perform?
- AReverse the payment from the Vendor transaction report from, and then reissue the payment.
- BVoid the check from the original payment journal, and then reissue the payment.
- CCreate a reversing entry by using the General journal form, and then reissue the payment.
- DProcess a payment reversal from the Checks form, and then reissue the payment.
Correct Answer:
D
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-payable/reverse-vendor- payment
D
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-payable/reverse-vendor- payment
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Question #3
Your company has acquired customers in a new state. The company must collect sales tax on the product sales to those customers.
As bookkeeper, you need to configure Microsoft Dynamics 365 for Finance and Operations to report collected sales tax to the new customers state authorities.
Which configuration controls the payment of sales tax to the new state?
As bookkeeper, you need to configure Microsoft Dynamics 365 for Finance and Operations to report collected sales tax to the new customers state authorities.
Which configuration controls the payment of sales tax to the new state?
- Amain accounts
- Bcustomer account
- Csales tax group
- Dsales tax authority
Correct Answer:
C
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/indirect-taxes- overview
C
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/indirect-taxes- overview
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Question #4
You are reviewing and processing transactions in the General ledger module.
What are three account types that you can choose in a General ledger journal? Each correct answer presents a complete solution. (Choose three.)
What are three account types that you can choose in a General ledger journal? Each correct answer presents a complete solution. (Choose three.)
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Question #5
You are the fixed asset manager at Contoso, Ltd. You have recently inventoried the companys laptops, identified several laptops that have reached end of life, and decided to sell the laptops.
You need to generate a document and record the sale of each asset.
What should you create?
You need to generate a document and record the sale of each asset.
What should you create?
- Aa fixed asset journal
- Ba sales order
- Ca return purchase order
- Da free text invoice
Correct Answer:
A
References:
https://docs.microsoft.com/en-gb/dynamics365/financials/fa-how-dispose-retire
A
References:
https://docs.microsoft.com/en-gb/dynamics365/financials/fa-how-dispose-retire
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