Configure General Ledger Setup
Question
Monetary amounts for local currency must always display three decimal places.
In General Ledger Setup, you need to configure the appropriate setup field with the appropriate value.
What should you do?
Answers
Explanations
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A. B. C. D. E.A.
The two threes in 3:3 mean a minimum of three decimal places and a maximum of 3 decimal places.In other words, it will always display three decimal places.
The correct answer to this question is A. Set the value of Amount Decimal Places to 3:3.
In Microsoft Dynamics 365 Business Central, the General Ledger Setup is used to configure the general ledger and financial management functionality. The Amount Decimal Places field in the General Ledger Setup determines the number of decimal places that are displayed for monetary amounts in the local currency. In this case, the requirement is to always display three decimal places.
Option A, "Set the value of Amount Decimal Places to 3:3", is the correct answer because it sets the number of decimal places for monetary amounts in the local currency to three. The format for the field is set as "minimum:maximum", so setting it to "3:3" ensures that there are exactly three decimal places displayed for all monetary amounts in the local currency.
Option B, "Set the value of Unit-Amount Decimal Places to 3:3", is not correct because it configures the decimal places for unit amounts, not monetary amounts. Unit amounts refer to the quantity of an item being sold or purchased, whereas monetary amounts refer to the value of that item in the local currency.
Option C, "Set the value of Inv. Rounding Precision to 0.001", is not correct because it configures the rounding precision for inventory amounts, not monetary amounts. Rounding precision determines the level of rounding that is applied to amounts in the system. In this case, the requirement is to display three decimal places, not to apply rounding precision.
Option D, "Set the value of Unit-Amount Rounding Precision to 0.001", is not correct for the same reason as Option B. It configures the rounding precision for unit amounts, not monetary amounts.
Option E, "Set the value of Amount Rounding Precision to 0.001", is not correct for the same reason as Option C. It configures the rounding precision for amounts, but specifically for foreign currency amounts, not for monetary amounts in the local currency.
Therefore, the correct answer is A, "Set the value of Amount Decimal Places to 3:3".
