Which of the following best describes the role of the Chart of Accounts in Business Central?

It manages user permissions and access rights

It stores all customer and vendor contact information

It defines the structure for categorizing financial transactions

It generates invoices for sales orders

A company receives a government grant of $60,000 that must be recognized as income over 3 years. They also have a prepaid rent of $12,000 that should be expensed monthly. They want to automate both recognition schedules. What should they do?

Create two deferral templates: one for the grant with a 36-month schedule and one for rent with a 12-month schedule, and post each transaction with the respective deferral code.

Use the Fixed Assets depreciation for both the grant and the rent.

Post the grant to income immediately and defer the rent using a deferral template.

Use a single deferral template for both and manually adjust the recognition amounts.

In Business Central, what is the primary purpose of an accounting period?

To control when users can post transactions

To define the fiscal year for tax reporting

To store historical exchange rates

To organize financial activity into time intervals for reporting

A company wants to offer different payment terms to different customer groups: net 30 for wholesalers and net 15 for retailers. They also want to record payments via check. What should they set up?

Create one payment term with a due date of 30 days and use a different payment method for retailers.

Create a payment term for each customer group and a payment method for each group.

Create two payment terms (Net 30 and Net 15) and assign them to the respective customer cards, and create a payment method for check.

Set the payment term on the sales order header for each order.

What is the primary purpose of payment methods in Business Central?

To define how payments are processed and recorded

To define the chart of accounts

To calculate due dates for invoices

Microsoft Certified:Dynamics 365 Business Central Functional Consultant Associate

Domain 2Objective 1

Set up Financial Management MB-800 Practice Questions (Page 2)

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 41 practice questions to prepare you well beyond it. (estimate)

41questions here

9free pages

8concepts

30–35%of the exam

Questions 6–10

6foundation · easy
Which of the following best describes the role of the Chart of Accounts in Business Central?
Select an answer first
7expert · hard
A company receives a government grant of $60,000 that must be recognized as income over 3 years. They also have a prepaid rent of $12,000 that should be expensed monthly. They want to automate both recognition schedules. What should they do?
Select an answer first
8foundation · easy
In Business Central, what is the primary purpose of an accounting period?
Select an answer first
9application · medium
A company wants to offer different payment terms to different customer groups: net 30 for wholesalers and net 15 for retailers. They also want to record payments via check. What should they set up?
Select an answer first
10foundation · easy
What is the primary purpose of payment methods in Business Central?
Select an answer first

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