$ 199.00 MB4-217 Exam

Solomon 6.0 Financials

Exam Number/Code : MB4-217
Exam Name : Solomon 6.0 Financials
Questions and Answers : 240 Q&As
Update Time: 2011-07-03
Price: ~~$ 150.00~~ $ 199.00

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MB4-217

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Exam : MBS MB4-217
Title : Solomon 6.0 Installation&Configuration

1. In which periods will transactions update account balances when the Post Transactions process is run?
A. Current period
B. Future periods
C. Prior periods
D. Only periods that have not had transactions posted yet.
Answer: AC

2. Which ledger type is used to track the number of employees associated with each payroll expense account?
A. Budget
B. Statistical
C. Actual
D. Reporting Currency
Answer: B

3. General Ledger transaction and account history detail is being retained for one year. General Ledger was closed for the year in period 12-2005 and the Delete Detail option was checked. Which of the following functions may still be performed?
A. Print a Trial Balance Report for period 01-2005.
B. Inquire on account balances for period 06-2005.
C. Enter a batch to post to period 12-2005.
D. Enter a batch to post to period 12-2003.
Answer: ABC

4. Which "Account Types" are recognized by Solomon?
A. Asset, Liability, Revenue only
B. Asset, Liability, Income, Expense
C. Asset, Payable, Receivable, Expense
D. Any account type can be assigned
Answer: B

5. What determines the fiscal period for posting a transaction?
A. Current fiscal period value from the GL Setup screen
B. Transaction Date
C. Current business date
D. Period to Post in the data entry screen
Answer: D