MB-920 Describe Dynamics 365 Finance Practice Question
Which TWO of the following are benefits of using the General ledger module in Dynamics 365 Finance?
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
✓
Provides a chart of accounts to categorize financial transactions
Options C and D are correct. Option C is correct because the General ledger provides a chart of accounts to categorize financial transactions. Option D is correct because it offers real-time financial insights and reporting. Option A is wrong because managing vendor payments and invoices is done in Accounts payable. Option B is wrong because handling customer invoicing and collections is done in Accounts receivable. Option E is wrong because inventory valuation is part of Inventory management.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Manages vendor payments and invoices
Why it's wrong here
Vendor payments are managed in the Accounts payable module.
- ✗
Handles customer invoicing and collections
Why it's wrong here
Customer invoicing is managed in the Accounts receivable module.
- ✓
Provides a chart of accounts to categorize financial transactions
Why this is correct
The General ledger includes the chart of accounts, which is the foundation for financial reporting.
- ✓
Offers real-time financial insights and reporting
Why this is correct
The General ledger provides real-time financial data through inquiries and reports.
- ✗
Manages inventory valuation
Why it's wrong here
Inventory valuation is managed in Inventory management.
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Written by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
This MB-920 practice question is part of Courseiva's free Microsoft certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the MB-920 exam.