Passing exam with MB7-701 latest training materials
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Updated: May 30, 2026
No. of Questions: 78 Questions & Answers with Testing Engine
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Microsoft Dynamics NAV 2013 Core Setup and Finance Sample Questions:
1. You plan to use the Copy Budget function to create a budget for next year based on this year's budget. Income and cost are projected t increase by 4%.
How should you create the new budget?
A) Set Source toG/LBudget Entry and enter an Adjustment Factor of 1.04.
B) Set Source toG/LBudget Entry and enter an Adjustment Factor of 4%.
C) Set Source toG/LEntry and enter an Adjustment Factor of 4%.
D) Set Source toG/LEntry and enter an Adjustment Factor of 1.04.
2. What effect does the Additional Reporting Currency field in the General Ledger Setup window have when running the Close Income Statement batch job?
A) The closing income general journal will be created in the currency specified in the Additional Reporting Currency field.
B) It has no effect.
C) The closing income general journal will be created and then posted automatically.
D) The Close Income Statement batch job is prevented from running if the Additional Reporting Currency field is populated.
3. Which source type is not valid to use in cash flow forecasting?
A) Liquid Funds
B) G/LEntry
C) Cash Flow Manual Revenue
D) G/L Budget
4. Which two statements are true about fixed asset (FA) journals? (Each correct answer presents a complete solution. Choose two.)
A) A manually calculated depreciation for a fixed asset is entered using the FA G/L journal. When the journal is posted, an entry is created for both the G/L Account number as well as the fixed asset number in the Fixed Asset module.
B) Fixed assets depreciation is automatically posted using the Calculate Depreciation batch job.
C) General ledger entries based on fixed asset ledger entries are only created when using the depreciation book selected on the Fixed Assets Setup window.
D) A calculated depreciation for a fixed asset is entered using the FA journal. When the journal is posted, an entry is created for the fixed asset number in the Fixed Asset module.
5. A G/L account is used in a customer posting group. Which statement is correct?
A) Generally these G/L accounts are set up to allow only direct posting.
B) Generally these G/L accounts are set up to allow direct posting as well as indirect posting.
C) Generally these G/L accounts are set up to not allow direct posting.
D) Generally these G/L accounts are set up with the Blocked field enabled to prohibit manual posting.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: A,D | Question # 5 Answer: C |
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