MB-920 Describe Dynamics 365 Finance Practice Question
A company uses Dynamics 365 Finance to manage its fixed assets. The accountant needs to post a depreciation adjustment for a previous fiscal year that has already been closed. What should the accountant 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
✓
Depreciation adjustment journal
The fixed asset journal is for routine transactions. Depreciation proposal posts planned depreciation. The depreciation adjustment journal is specifically for correcting prior year depreciation.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Fixed asset journal
Why it's wrong here
The fixed asset journal is for acquisitions and disposals, not depreciation adjustments for closed years.
- ✓
Depreciation adjustment journal
Why this is correct
This journal allows posting depreciation adjustments to prior closed periods.
- ✗
General journal
Why it's wrong here
General journal cannot post to a closed fiscal year without reversing the closing.
- ✗
Depreciation proposal
Why it's wrong here
Depreciation proposal posts current period depreciation, not adjustments for closed periods.
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