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Microsoft Dynamics NAV 2013 Core Setup and Finance : MB7-701

MB7-701

Exam Code: MB7-701

Exam Name: Microsoft Dynamics NAV 2013 Core Setup and Finance

Updated: Jun 01, 2026

Q & A: 78 Questions and Answers

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About Microsoft Dynamics NAV 2013 Core Setup and Finance certification

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Microsoft Dynamics NAV 2013 Core Setup and Finance Sample Questions:

1. When processing purchase invoices, employees at a company enter the following information: order number, invoice number, vendor number, vendor order number, vendor invoice number, and item numbers.
Which of these numbers can be made mandatory by using the Ext. Doc. No. Mandatory check box on the Purchases & Payables Setup window?

A) Vendor invoice number
B) Vendor number
C) Vendor order number
D) Invoice document number


2. Which statement about cost allocations is true?

A) Cost allocations can be nested, and a cost allocation can have a fixed amount.
B) The total allocation percentage is always 100, and a time period applies to cost allocations.
C) A cost allocation can have a fixed amount and a time period applies to cost allocations.
D) A cost allocation can have a fixed amount, and the total allocation percentage is always
100.


3. How do you prevent users from posting transactions into a prior accounting period?

A) Populate the Allow Posting From field on the General Ledger Setup window.
B) Populate the Allow Posting To field on the General Ledger Setup window.
C) Check the Closed field in the relevant accounting period record.
D) Check the Date Locked field in the relevant accounting period record.


4. You need to record maintenance costs using the fixed asset journal. Which field should you set?

A) Maintenance Vendor No
B) FA Posting Type
C) Next Service Date
D) Under Maintenance


5. An organization purchases an asset that consists of multiple components. The components have a different depreciation method and vendor.
You need to track the total costs of the asset.
What two actions should you perform? (Each correct answer presents part of the solution. Choose two.)

A) Create fixed asset cards for the asset and each component.
B) Set up each component asset as a main asset component from the main asset card.
C) Connect each component asset to the other component assets using the FA subclasses.
D) Set up an FA class that is connected to the FA subclasses.


Solutions:

Question # 1
Answer: A
Question # 2
Answer: B
Question # 3
Answer: A
Question # 4
Answer: B
Question # 5
Answer: C,D

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