NetSuite Financial User Exam Questions

Question 6 of 28

Which transaction transfers the Customer Deposit liability to offset the Invoice Accounts Receivable GL Impact?

Deposit Application

Credit Memo

Journal Entry

Sales Order

Correct Answer: A

Question 7 of 28

A Sales Order should be billed when certain key project tasks have been completed.
Which type of Billing Schedule should be used?

Fixed Bid Milestone

Standard

Time and Material

Charge Based

Correct Answer: A

Question 8 of 28

Which statement is true about assigning a Billing Schedule to an Item record?

It forces all the lines on a Sales Orders to have a Billing Schedule.

It ensures the Item will always have the Billing Schedule default in correctly on the Sales Order.

It requires that all Items on the same Sales Order have a Billing Schedule of some kind.

It requires that all Items on the same Sales Order use the same Billing Schedule.

Correct Answer: B

Question 9 of 28

HOTSPOT -
Match each step in the standard Accounts Payable workflow in NetSuite with its step number.
Exam Financial User: Question 9 - Image 1

Correct Answer:

Question 10 of 28

Which two statements are true about vendors and multi-currency? (Choose two.)

The currency on the purchase order can be changed at the point when the purchase order is billed.

Currencies must be added to the Vendor before being used on a transaction.

The primary currency is used for the credit limit.

To remove a currency from a vendor you must first close any open transactions in that currency.

Vendors can have up to five currencies.

Correct Answer: B, D