13. Your company wants to defer the cost of their insurance policies throughout the year to recognize the
insurance policy costs every month. Which of the following describes how to accomplish this in Dynamics AX?
A. Enter an accounts payable invoice journal and payment journal at the beginning of the year.
B. Enter an accounts receivable invoice journal and payment journal at the beginning of the year.
C. Create a new system account for a accruals and apply that account in a general journal.
D. Create a new ledger accrual scheme and apply that accrual scheme in a general journal.
Answer: D
14. Which of the following determines which tax codes are used?
A. Only the codes in the sales tax group.
B. The Tax code defined in General ledger/Setup/Parameters.
C. The calculation type set up in General ledger/Setup/Parameters.
D. The codes present in both the Sales tax and Item sales tax groups.
Answer: D
15. If you wanted to set up a sales tax value of 2.265% for Jefferson County Florida, where do you do this?
A. In the sales tax code form.
B. In the sales tax group form.
C. In the item sales tax group form.
D. In the tax authority form.
Answer: A
16. You are entering transactions into a journal for an account and you choose Debit for your Balance control.
What can you expect from the system?
A. That you can only enter debit transactions for this account.
B. That you can only enter credit transactions for this account.
C. That the total amount of the journal transactions will not make the balance for account go into credit.
D. That the total amount of the journal transactions will not make the balance for account go into debit.
Answer: C
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