MB-920 Describe Dynamics 365 Finance Practice Question
A company uses Dynamics 365 Finance. The accountant needs to view the current balance of a specific ledger account at any time. Which inquiry should they use?
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Trial balance
Trial balance shows the balance of each ledger account for a specified period, allowing the accountant to view the current balance. Option B is incorrect because Ledger settlement is used for matching debits and credits, not for viewing balances. Option C is incorrect because Chart of accounts is a list of accounts, not balances. Option D is incorrect because Financial reporting generates reports but not real-time balance for a single account.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Trial balance
Why this is correct
Trial balance displays the balance of each ledger account for a given period.
- ✗
Ledger settlement
Why it's wrong here
Ledger settlement is used to settle debit and credit entries, not to view balances.
- ✗
Chart of accounts
Why it's wrong here
Chart of accounts is a list of account structures, not balances.
- ✗
Financial reporting
Why it's wrong here
Financial reporting is for designing reports, not quick balance inquiry.
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