Exam MB-310 topic 1 question 117 discussion

Actual exam question from Microsoft's MB-310

Question #: 117
Topic #: 1

A company uses Microsoft Dynamics 365 Finance.

The system displays the following error when you try to acquire a fixed asset:

Account for the transaction type, value model, does not exist for fixed asset ASSET-001.

You need to resolve the error.

What should you do?

A. Link a main account to the asset group book.
B. Create a main account for the acquisition transaction type.
C. Enter a main account in the fixed asset posting profiles for the acquisition.
D. Complete the offset account in the journal for the acquisition.

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Suggested Answer: C 🗳️

by charmingstorm at Dec. 17, 2024, 9:51 p.m.

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globeearth

1 month, 2 weeks ago

Selected Answer: C

Error Cause: The error indicates that the system cannot find a General ledger account for the acquisition transaction type for the specified fixed asset (ASSET-001) and its associated value model. In Dynamics 365 Finance, fixed asset transactions (e.g., acquisition, depreciation, disposal) are posted to the General ledger based on the configuration in the fixed asset posting profiles. If the posting profile lacks a main account for the acquisition transaction type for the value model used by the fixed asset, this error occurs.

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