NetSuite Financial User Exam

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Total 28 questions

Which three statements are true about using Parent Accounts in NetSuite? (Choose three.)

  • A. Checking the Summary box on the account record prevents anyone from posting activity to the account.
  • B. Parent accounts can be posting or non-posting.
  • C. Checking the Summary box allows the posting of reversing journal entries to this account.
  • D. Parent accounts are created by setting the "Parent of" field.
  • E. Child accounts are created by setting the ''Subaccount of'' field.


Answer : ADE

Which account feature determines in which financial report section an account appears by default?

  • A. Department | Class | Location classification
  • B. Account type
  • C. Account number
  • D. Currency


Answer : B

How does NetSuite set up a company record when you buy from and sell to the same company?

  • A. NetSuite uses a single Company record to track this combined relationship.
  • B. NetSuite uses unrelated Customer and Vendor records to track these.
  • C. Either the Vendor or the Customer can be set as "Parent of" the other record to link them
  • D. NetSuite tracks this using the "Other Relationships" function to link the Customer and Vendor records.


Answer : A

Which two settings are needed for billable items to appear on the Customer Invoice? (Choose two.)

  • A. Billable checkbox
  • B. Memo
  • C. Invoice Number
  • D. Customer


Answer : AD

Which two record types can be applied to a customer payment? (Choose two.)

  • A. Refund
  • B. Cash Sale
  • C. Customer Deposit
  • D. Credit Memo


Answer : BC

Page:    1 / 6   
Total 28 questions