MB-920 Describe Dynamics 365 Finance Practice Question
Exhibit
{
"Company": "USMF",
"Account": "110130",
"Name": "Checking account",
"Currency": "USD",
"Open balance": 50000,
"Transactions": [
{"Date": "2024-01-05", "Description": "Deposit", "Debit": 10000, "Credit": 0},
{"Date": "2024-01-10", "Description": "Payment", "Debit": 0, "Credit": 5000},
{"Date": "2024-01-15", "Description": "Transfer", "Debit": 0, "Credit": 20000}
]
}Refer to the exhibit. The exhibit shows the main account balance and transactions for a checking account. What is the balance after all transactions are posted?
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
✓
35000
Starting balance is 50000. A debit of 10000 increases the balance to 60000. A credit of 5000 decreases it to 55000. Another credit of 20000 decreases it to 35000. Option A (30000) is incorrect because it miscalculates the net effect. Option C (40000) is incorrect because it might ignore one of the credits. Option D (45000) is incorrect because it incorrectly adds the credits instead of subtracting.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
30000
Why it's wrong here
Incorrect calculation.
- ✓
35000
Why this is correct
Starting 50000 + 10000 - 5000 - 20000 = 35000.
- ✗
40000
Why it's wrong here
Incorrect calculation.
- ✗
45000
Why it's wrong here
Incorrect calculation.
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