Manage the Chart of Accounts MB-800 Practice Questions (Page 4)

Questions 16–20

1. 16foundation · easy

   Which of the following is a valid way to create a subcategory in Dynamics 365 Business Central?

   • AFrom the Account Category page, select the parent category and then choose 'New' to create a subcategory
   • BFrom the Chart of Accounts page, use the 'Create Subcategory' action
   • CFrom the General Ledger Setup page, enable subcategories
   • DFrom the G/L Account Card, set the 'Parent Category' field
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2. 17application · medium

   A retail company wants its balance sheet to show total current assets, and then break out Cash, Accounts Receivable, and Inventory as separate lines. The default balance sheet already shows a Current Assets category. What should you do?

   • ACreate three new top-level categories and move the G/L accounts into them.
   • BUse the 'Balance Sheet' report and filter by account.
   • CChange the G/L account numbers to group them logically.
   • DCreate subcategories under Current Assets for Cash, Accounts Receivable, and Inventory, and assign the corresponding G/L accounts to them.
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4. 18application · medium

   A company wants to produce a financial report that shows total sales, cost of goods sold, and gross profit, with a breakdown of sales by region using dimensions. The chart of accounts already has the necessary G/L accounts. What should you do?

   • AUse the built-in Income Statement report and apply a dimension filter for region.
   • BCreate subaccounts for each region under the sales account.
   • CExport the general ledger to Excel and create a pivot table.
   • DCreate a new account category for each region.
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5. 19application · medium

   A company wants to allocate its monthly rent expense to three departments based on the number of employees in each department. The allocation should occur automatically when rent is posted. What should you configure?

   • ACreate three new rent expense accounts, one per department, and post the rent directly to each.
   • BUse a recurring general journal to post the same rent amount to each department account.
   • CSet up a G/L allocation with the rent expense account as the source and the three department accounts as targets, using employee count as the allocation basis.
   • DCreate a general journal batch with three lines, one for each department, and manually enter the rent amounts each month.
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6. 20application · medium

   A controller needs to produce a monthly report that shows 'Total Sales' and 'Total COGS' for each product line, but the chart of accounts only has a single Sales account and a single COGS account. Product line is tracked as a dimension on all entries. What is the most efficient way to create this report?

   • AExport the general ledger entries to Excel and use pivot tables to summarize by product line.
   • BCreate two account categories for each product line and assign the Sales and COGS accounts to them.
   • CCreate separate G/L accounts for each product line and reclassify historical entries.
   • DUse an account schedule with row definitions for Sales and COGS, and column definitions that filter by the product line dimension.
   Reveal Solution Discussion Select an answer first