Online Access Free MB7-701 Exam Questions

A company uses Microsoft Dynamics NAV Fixed Assets (FA) to keep track of gains and losses when selling fixed assets.
A fixed asset has a value of $800. You sell the asset for $600.
What steps should you take to post this transaction to the G/L entries and FA entries?

• A.Create a sales invoice on a line using the Fixed Asset type with the amount of $600, and then dispose of the fixed asset in the FA G/L journal for $200.
• B.Create a sales invoice on a line using theG/LAccount type with the amount of 5600, then dispose of the fixed asset in the FAG/Ljournal for $800.
• C.Create a sales invoice on a line using the Fixed Asset type with the amount of $800 dollars and a second line using the G/L Account type with the amount of -/- $200.
• D.Create a sales invoice on a line using the Fixed Asset type with the amount of $600. The difference value (loss) is posted automatically.

You need to record maintenance costs using the fixed asset journal. Which field should you set?

• A.Next Service Date
• B.Under Maintenance
• C.FA Posting Type
• D.Maintenance Vendor No

Which window is not an option for analyzing cash flow?

• A.Cash Flow Ledger Entries
• B.Cash Flow Report Selection
• C.Cash Flow Date List
• D.Cash Flow Account Schedule

How do you create a new fiscal year with 12 monthly accounting periods by using the Accounting Periods window?

• A.Select Create Year, and then enter 12 in the No. of Periods field. Enter 1M in the Period Length field on the Create Fiscal Year window.
• B.Create 12 new months, and then check the Date Locked field on the last month of year.
• C.Select Create Year, and then enter 12M as the Period Length.
• D.Select Create Year, and then enter 12 in the No. of Periods field and Month in the Period Length field on the Create Fiscal Year window.

Your company's sales manager has to approve all sales orders before they are posted.
You need to ensure a notification is sent by email automatically to the sales manager after a sales order is created.
Which page should you use to set up the sales manager's email address for the notification?

• A.Approval Request Entries
• B.Approval User Setup
• C.Approval Setup
• D.Approval Template