Question 1

Which two options should be selected to create a memorized transaction for the electric bill, which varies in amount each month but will continue until canceled?

Options :

A : Action: Reminder

B : Override Transaction Date

C : Action: Automatic

D : Indefinite

E : Number Remaining

Answer: A,D

Question 2

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

Options :

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

Question 3

Which two statements are true about setting up intercompany expense allocations? (Choose two.)

Options :

A : The source may be multiple subsidiaries

B : The source must be one subsidiary

C : The target can only be one subsidiary.

D : The target may be multiple subsidiaries.

Answer: B,D

Question 4

Which statement is true about the Period Close Checklist?

Options :

A : This is required for Year-End Close.

B : Tasks may be completed in any order.

C : Customer-specific steps can be added.

D : Tasks displayed depend upon features enabled.

Answer: D

Question 5

Which two statements are true about budgets in NetSuite? (Choose two.)

Options :

A : Budgets can use statistical accounts

B : Budgets set to "Enforce" prevent overspending.

C : Global budget amounts may fluctuate when viewed in root parent currency.

D : Local budget amounts may fluctuate when consolidated to parent subsidiary view.

Answer: A,D

Free Financial-User Mock Exam – Practice Online Confidently

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