Question 1

Which two statement are true about setting up the intercompany expense allocation (choose 2)

Options :

A : the source may be multiple subsidiary

B : The target may be multiple subsidiaries

C : The source must be one subsidiary

D : the target can only be one subsidiary

Answer: A,B

Question 2

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

Question 3

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 4

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 5

What are two differences between fixed and dynamic allocation schedules? (Choose two.)

Options :

A : Fixed allocation requires zeroing out the source account

B : Dynamic allocation requires zeroing out the source account.

C : Dynamic allocation schedules must use statistical accounts.

D : Fixed allocation schedules must have predefined weighting that does not change

Answer: C,D

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