A company wants to allocate its shared services costs (IT, HR, and Facilities) to three profit centers based on different bases: IT by headcount, HR by headcount, and Facilities by square footage. The allocation should be performed at month-end after all costs are posted. The controller wants to see the allocated amounts in the profit center's income statement. What is the best approach?

Post the shared service costs directly to the profit center accounts based on monthly estimates.

Use dimensions on the shared service cost entries and then run a report to show the allocation.

Create a single G/L allocation that uses the same basis for all three cost accounts.

Set up three separate G/L allocations, one for each shared service cost account, with the appropriate basis and target accounts.

In Dynamics 365 Business Central, what is the purpose of general ledger allocations?

To distribute amounts from one G/L account to one or more other accounts based on defined rules

To automatically create new G/L accounts

To combine multiple accounts into a single account for reporting

To restrict posting to certain accounts

In Dynamics 365 Business Central, what is the purpose of creating subcategories under an account category?

To replace the need for G/L accounts

To provide more granular classification for detailed financial reporting

To automatically post transactions to the parent category

To restrict which users can view the parent category

In Dynamics 365 Business Central, what is the primary purpose of creating account categories?

To define the posting logic for general ledger accounts

To automate the creation of new accounts

To restrict user access to specific accounts

To organize financial data for reporting and analysis

A company's income statement currently shows all sales revenue in a single line. Management wants to see a breakdown of product sales and service sales. The chart of accounts has separate G/L accounts for product sales and service sales. What should you do?

Create two new top-level categories for Product Sales and Service Sales.

Create subcategories under the Revenue category for Product Sales and Service Sales, and assign the respective G/L accounts to them.

Change the G/L account numbers to group them.

Use the 'Trial Balance' report to show the breakdown.

Microsoft Certified:Dynamics 365 Business Central Functional Consultant Associate

Domain 2Objective 2

Manage the Chart of Accounts MB-800 Practice Questions (Page 1)

Part of the Configure financials domain, which accounts for 30–35% of the MB-800 exam. Microsoft does not publish an official question count, but from its 100-minute exam (~40–65 total, ~12–23 in this domain), expect 2–3 from this objective — we provide 24 practice questions to prepare you well beyond it. (estimate)

24questions here

5free pages

5concepts

30–35%of the exam

Questions 1–5

1expert · hard
A company wants to allocate its shared services costs (IT, HR, and Facilities) to three profit centers based on different bases: IT by headcount, HR by headcount, and Facilities by square footage. The allocation should be performed at month-end after all costs are posted. The controller wants to see the allocated amounts in the profit center's income statement. What is the best approach?
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2foundation · easy
In Dynamics 365 Business Central, what is the purpose of general ledger allocations?
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3foundation · easy
In Dynamics 365 Business Central, what is the purpose of creating subcategories under an account category?
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4foundation · easy
In Dynamics 365 Business Central, what is the primary purpose of creating account categories?
Select an answer first
5application · medium
A company's income statement currently shows all sales revenue in a single line. Management wants to see a breakdown of product sales and service sales. The chart of accounts has separate G/L accounts for product sales and service sales. What should you do?
Select an answer first

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