Question 1

What is a characteristic of importing journal entries?

Options :

A : The limit of lines for journal entry import is 1,000

B : The limit of lines for journal entry import is 10,000.

C : Journal entries can only be imported using web services.

D : Journal entries imported unbalanced must be fixed before approval.

Answer: B

Question 2

When entering a journal, which two boxes must be used to reverse the journal entry next month, so that the reversal is not created until then? (Choose Two)

Options :

A : Do Not Post Until

B : . Defer Entry

C : Memo

D : Pending Approval

E : Reversal Date

Answer: B,E

Question 3

Which two transactions containing inventory items will post to COGS? (Choose two)

Options :

A : Item Return

B : Item Fulfillment

C : Standalone invoices

D : Invoices created from Sales Orders

Answer: B,C

Question 4

Which are 2 elements unto to setting up financial sections in NetSuite financial report? (Choose 2)

Options :

A : custom sections are restricted to one account type

B : formula rows calculate from the row immediately above

C : Each financial section has its own header and summary row

D : Each section can be customized to have multiple account types

Answer: C,D

Question 5

Which report shows the total value of current assets?

Options :

A : Balance Sheet

B : General Ledger

C : Profit and Loss / Income Statement

D : Cash Flow Statement

Answer: A

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