MB-920 Describe Dynamics 365 Finance Practice Question
Which THREE components are part of the Dynamics 365 Finance General ledger module?
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
✓
Main accounts
Options B, C, and D are correct because Main accounts are fundamental to the General ledger, Ledger calendar defines fiscal periods for the general ledger, and Chart of accounts structures the account framework. Option A is incorrect because Inventory posting profiles are part of Inventory management, not the General ledger. Option E is incorrect because Payment schedules are used in Accounts payable and Accounts receivable, not the General ledger.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Inventory posting profiles
Why it's wrong here
Inventory posting profiles are part of Inventory management, not General ledger.
- ✓
Main accounts
Why this is correct
Main accounts are the primary accounts used for posting transactions in General ledger.
- ✓
Ledger calendar
Why this is correct
Ledger calendar defines fiscal periods for the general ledger.
- ✓
Chart of accounts
Why this is correct
Chart of accounts is a core component of General ledger that defines the account structure.
- ✗
Payment schedule
Why it's wrong here
Payment schedules are used for vendor and customer payments, not in General ledger.
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Same concept, more angles
1 more way this is tested on MB-920
These questions test the same concept from different angles. Work through them to make sure you can recognise it however the exam phrases it.
Variation 1. Which THREE components are typically part of the general ledger setup in Dynamics 365 Finance? (Select THREE.)
hard- ✓ A.Chart of accounts
- ✓ B.Main accounts
- C.Payment schedule
- D.Customer payment journal
- ✓ E.Financial dimensions
Why A: Options A, B, and E are correct. The chart of accounts (A) is the foundational structure for organizing financial accounts. Main accounts (B) represent individual accounts within the chart of accounts, such as cash or revenue. Financial dimensions (E) provide additional segmentation for reporting, like department or cost center. Option C (Payment schedule) is used for vendor payments and is not part of the general ledger setup. Option D (Customer payment journal) is a subledger journal for recording customer payments, not a component of the general ledger setup.
JA
Written by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
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