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Microsoft MB5-229 Dumps

Microsoft
Small Business Financials 8.0
Microsoft
Small Business Financials 8.0

Questions & Answers for Microsoft MB5-229

Showing 1-15 of 185 Questions

Question #1 - Topic 0

How many checkbooks can be set up in Microsoft Small Business Financials?

A. 1

B. 5

C. 10

D. Unlimited

Question #2 - Topic 0

Where can you specify the default retained earnings account that should be used when
closing the fiscal year in Accounting?

A. Transaction Setup

B. Financial Reports

C. Journal Entry

D. Accounts window

Question #3 - Topic 0

When an invoice with line items is entered in Sales, what quantity field is decreased if you
save the invoice and don't post it?

A. Quantity Available

B. Quantity On-Hand

C. Quantity On Hold

D. Quantity Damaged

Question #4 - Topic 0

How can you enter a decrease adjustment transaction in Item Adjustment Entry?

A. Select a transaction type of decrease adjustment

B. Enter a minus sign along with a quantity

C. Enter a quantity and place brackets around it

D. A decrease adjustment can't be entered

Question #5 - Topic 0

Which of the following options are available in Microsoft Small Business Financials when
entering a receiving transaction on a purchase order?

A. Shipment/Invoice transaction

B. Shipment Only transaction

C. Invoice Only transaction

D. Bill of Lading transaction

Question #6 - Topic 0

Where can you remove a "trapped" user from the system in Microsoft Small Business
Financials?

A. Security Setup

B. Company Setup

C. User Activity

D. User Preferences

Question #7 - Topic 0

Which of the following would stop you from inactivating a posting account?

A. A debit account balance

B. A credit account balance

C. A zero account balance

D. Transaction history for the account

Question #8 - Topic 0

Which of the following can be added to the shortcut bar in Microsoft Small Business
Financials?

A. Macros

B. External shortcuts

C. Microsoft Small Business Financials windows

D. SmartList favorites

Question #9 - Topic 0

Bank Transfer Entry should be used to record which type of transaction?

A. A check written to a vendor

B. You moved funds from your Operating checkbook to your Payroll checkbook

C. A deposit of sales receipts you made to a new checkbook from your cash register

D. You withdrew funds from your Operating checkbook to use for your petty cash drawer

Question #10 - Topic 0

Which item type can be changed to discontinued?

A. Labor

B. Service

C. Miscelleneous Charge

D. Stock Item

Question #11 - Topic 0

Which of the following statements are true when you are using Quick Journals?

A. Transactions can be entered in a batch.

B. You can delete a quick journal you no longer need.

C. Account numbers cannot be changed.

D. You don't have to enter amounts for every account on the quick journal.

Question #12 - Topic 0

Which of the following frequencies are available for a recurring batch type in Microsoft
Small Business Financials?

A. Monthly

B. Special

C. Single Use

D. Miscellaneous

Question #13 - Topic 0

Which transaction type in the Other Bank Transactions window will not affect a checkbook
when posted?

A. Check

B. Receipt

C. Withdrawal

D. Increase Adjustment

Question #14 - Topic 0

Which of the following will stop you from inactivating a vendor?

A. Transaction History

B. Partially paid voucher/invoice on the vendor account

C. A current balance owed to the vendor

D. Unpaid voucher/invoice on the vendor account

Question #15 - Topic 0

Which of the following default account types can be entered for inventory items in the Item
Accounts window?

A. Inventory

B. Purchases

C. Sales

D. Cost of Goods Sold

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