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MB4-217 - Solomon 6.0 Financials Practice Test by Killexams.com

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**** MB4-217 Description | MB4-217 Syllabus | MB4-217 Exam Objectives | MB4-217 Course Outline ****

 

**** SAMPLE Solomon 6.0 Financials 2021 Dumps ****

                  A.   A  batch  containing  the  payments  is  sent  to the Payment  Entry screen  in  Accounts
                  Receivable.
                  B.   The batch is left on Balanced status in Cash Manager until the payments are applied in
                  the Accounts
                  Receivable module, then the batch is released in Cash Manager.
                  C.  A batch is sent to the Accounts Receivable Payment Applications screen.
                  D.  A batch of transactions is created in the General Ledger that debits the bank account and
                  credits the AR Holding account.
                  Answer: C, D
                  QUESTION: 234
                  When is a new entry created for an account in the Daily Cash Balances screen?
                  A.   A record is created for each transaction date for each account.
                  B.  Whenever the General Ledger Posting process is run.
                  C.  A record is created for each transaction, regardless of the date, for each account.
                  D.  Whenever the Cash Manger Integrity Check Process is run.
                  Answer: A
                  QUESTION: 235
                  Which of the following transactions would be included in the Daily Cash Balance Inquiry
                  screen for an account?
                  A.   A batch of cash receipts entered and released to the customers in Accounts Receivable
                  B.    A batch of Accounts Payable checks on Hold
                  C.  A batch of General Ledger transactions that has already updated General Ledger balances
                  (assuming the Accept Updates from General Ledger Transactions option is checked for the
                  cash account)
                  D.  A Cash Account Transfer batch that has been Released
                  Answer: A, C, D
                  QUESTION: 236
                  What happens if the Generate Consolidation process is executed more than one time for a
                  given fiscal period?
                  A.   Nothing.
                  B.   The entire balance of the accounts is consolidated again.
                  C.    A  new file is  created containing  only  the  amounts  entered since  the  previous
                  consolidation was calculated and processed.
                                                             67
                  D.  The process can only be run one time.
                  Answer: C
                  QUESTION: 237
                  A  deposit to be entered  contains  several  items  that need  to be  coded  to  different income
                  accounts, but the deposit total is the amount that will appear on the bank statement. Which of
                  the following should be done in the Cash Account Transaction screen to accomplish this?
                  A.  Choose "By Detail" for the Reconciliation Mode.
                  B.   Choose "By Batch" for the Reconciliation Mode.
                  C.  Enter each item as a separate line with the designated account in the transaction section
                  of the screen.
                  D.  Enter a transaction line for the entire deposit amount as well as a transaction line for each
                  individual amount.
                  Answer: B, C
                  QUESTION: 238
                  When is the "Accept Updates from GL Transactions" option not available for a particular
                  account in the Cash Account Maintenance screen?
                  A.   The field is never available in this screen.
                  B.  When the "Accept Updates from GL Transactions" option in the CA Setup screen has
                  not been checked.
                  C.  When the "Show GL Bank Reconciliation Information" option in the CA Setup screen is
                  checked.
                  D.  After the first Initializing entry has been made for the account.
                  Answer: B
                  QUESTION: 239
                  When do Cash Flow items entered in the Cash Flow Item Maintenance screen update actual
                  Cash Manager and General Ledger account balances?
                  A.   As soon as an item is entered
                  B.   When the Cash Flow Item batch is released
                  C.  When the Cash Flow Projection Report is run
                  D.  They never update actual balances
                                                             68
                  Answer: D
                  QUESTION: 240
                  The option to Accept Updates from General Ledger Transactions in the Cash Manager Setup
                  screen  is checked, but  transactions  entered  in General  Ledger are not updating  Cash
                  Manager. Which of the following could be the cause?
                  A.   The option Post Batches on Release in the General Ledger Setup screen is disabled.
                  B.    The  General  Ledger  Posting  Option  in  the  Cash  Manager Setup  screen  is  set to
                  Summary.
                  C.  The Cash Manager Integrity Check process needs to be run.
                  D.   The option  Accept Updates form General  Ledger Transactions  in  the  Cash  Account
                  Maintenance screen is not checked for the cash account of the transactions.
                  Answer: D
                                                             69
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