Question 1

A company is using the Multiple Currencies feature. Which account type allows Revalue Open Balance for Foreign Currency Transactions?

Options :

A : Cost of Goods Sold

B : Income

C : Expense

D : Other Current Asset

Answer: D

Question 2

Using the Inbound Shipment Management feature, what related transaction or transactions recognize inventory?

Options :

A : Ownership Transfer

B : Vendor Bill

C : Inbound Shipment

D : Purchase Order

Answer: B

Question 3

When creating Matrix Items, which field lists are used to populate the Matrix Item Name Template? (Choose two.)

Options :

A : Insert Item Attribute

B : Insert Matrix Option

C : Insert Item Option

D : Insert Item Properties

Answer: A,B

Question 4

Which accounting impacts result from building an assembly? (Choose two.)

Options :

A : Increase Asset accounts of the Assembly item’s components

B : Decrease Asset accounts of the Assembly item’s components

C : Decrease Cost of Goods Sold account of the Assembly Item

D : Increase Cost of Goods Sold accounts of the Assembly item’s components

E : Increase Asset account of the Assembly Item

Answer: C,E

Question 5

When an item is defaulted as Drop Ship and has a Preferred Vendor associated, which transaction can be automatically created and tied to a Sales Order?

Options :

A : Vendor Bill

B : Cash Sale

C : Work Order

D : Purchase Order

Answer: D

Free N16302GC10 Mock Exam – Practice Online Confidently

Buying Options: