Describe Dynamics 365 Finance →hardMultiple ChoiceObjective-mapped

MB-920 Describe Dynamics 365 Finance Practice Question

Exhibit

Refer to the exhibit.

{
  "LegalEntity": "USMF",
  "MainAccount": "110120",
  "FinancialDimensions": {
    "Department": "012",
    "CostCenter": "CC001"
  },
  "PostingType": "Balance",
  "Amount": 1500.00
}

You are reviewing a journal entry in Dynamics 365 Finance. The exhibit shows the accounting distribution for a transaction. What type of account is 110120 likely to be?

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

✓

Asset account

A main account starting with 1 and having a posting type 'Balance' typically indicates a balance sheet asset account. Option D is correct. Option A is wrong because revenue accounts start with 4. Option B is wrong because liability accounts start with 2. Option C is wrong because expense accounts start with 6.

Answer analysis

Option-by-option breakdown

For each option: why learners choose it and why it is or isn't the right answer here.

✗
Revenue account
Why it's wrong here
Revenue accounts typically start with 4 in standard chart of accounts.
✗
Liability account
Why it's wrong here
Liability accounts start with 2 in standard chart of accounts.
✗
Expense account
Why it's wrong here
Expense accounts start with 6 in standard chart of accounts.
✓
Asset account
Why this is correct
The main account 110120 is in the 110000 range, which is typically cash or bank accounts, and posting type 'Balance' indicates balance sheet.

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MB-920 Describe Dynamics 365 Finance Practice Question

Exhibit

Why each option matters

Option-by-option breakdown

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