MB5-229
Microsoft
Small Business Financials 8.0
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Question: 1
Wherecan you remove a “trapped” user from thesystem in Microsoft Small Business Financials?
A – Security Setup
B – Company Setup
C – User Activity
D – User Preferences
Answer:C Question: 2
Which of the following file formats are availabletosaveareporttoinMicrosoftSmallbusiness
Financials?
A – HTML B – DIF
C – CommaDelimited
D – Text
Answer:A, C, D Question: 3
What is the maximum number of fiscal periods you can have in a fiscal year inMicrosoft Small
Business Financials?
A – 12
B – 13
C – 24
D – 367
Answer:B Question: 4
Which of the following can be added to the shortcut bar in Microsoft Small Business Financials?
A – Macros
B–Externalshortcuts
C – MicrosoftSmall Business Financials windows
D–Smart Listfavorites
Answer:A, B, C, D Question: 5
What is the maximum account length allowed in Microsoft Small Business Financials?
A –5
B –10
C –20
D –25
Answer:D Question: 6
Where is the“built in” backup and restore functions located?
A–Setup on the Menu Bar
B–File on the Menu Bar
C–Postingon the Tool Bar
D–There isn’t a “built in”backup or restore function
Answer:B Question: 7
What do youneed to do if you want sales and purchase transactions entered ina batch to use the transaction date of each transaction to update posting accounts?
A – Transactions always use the transaction datewhen updating accounts
B – Set the option on eachbatch to use the transaction date
C –In Transaction Setup,set the Posting Date from option to Transaction
B – Set the option in Sales Utilities andPurchase Utilities to use the transaction date
Answer:C Question: 8
Which of the following statements are true about the Notes feature?
A–Notes can be attached to windows
B–Notes cannot bechanged once entered
C–Notescan be attached to individualvendors andcustomers
D–Notes are only available if the feature is turned on in company setup
Answer:A, C Question: 9
What is the maximum number of companies that canbe set up inMicrosoft Small Business
Financials?
A –1
B –3
C –5
D–Unlimited
Answer:D Question: 10
What is the maximum number of licensed concurrent users youcan have in Microsoft Small
Business Financials?
A –1
B –2
C –5
D –10
Answer:D Question: 11
Which of the following statements are true when you are using Quick Journals?
A –Transactionscan be entered in a batch.
B–You can delete a quick journal youno longer need.
C–Accountnumberscannot be changed.
D–You don’t have to enter amounts for every account on the quick journal.
Answer:B, D Question: 12
Whenaretransactions forpostingaccounts in Accounting moved to history?
A–When accounts arecleared
B–When transactions are applied
C–When transaction areposted
D–When the year – endclosing is run
Answer:D Question: 13
If you are creating a new company in Microsoft SmallBusiness Financialswhichof the following options are available to you for “entering” a chart of accounts?
A–Copying from an existing company
B–Loadingan industry default chart of accounts
C–Set up each account using the Accountswindow
D–Auto generate accounts using theCompany Setup Wizard
Answer:A, B, C, D Question: 14
What application has a seamless link to importbudgetinformation into Microsoft Small Business
Financials?
A–Microsoft Excel B–Microsoft Word C–Lotus Notes
D –Quicken
Answer:A Question: 15
Which of the following are requirements to delete an account from your chart of accounts?
A–The account must have a zero balance
B–The account must have been inactivated
C–The account must bea balancesheet account
D–Therecurrently are no history records for the account
Answer:A, D Question: 16
Which of the following would stop you from inactivatinga posting account?
A–A debit account balance B–A creditaccount balance C–A zero account balance
D –Transaction history’ for the account
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