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Reference: https://education.oracle.com/oracle-netsuite-financial-user/pexam_N16599GC10
Oracle NetSuite Financial User Sample Questions:
What does the setting "Accept Payment at Top Level Customer" allow for?
- A. Sub customers may pay the bills of their parent
- B. Sub customers cannot pay their own bills
- C. Allows Refunds and Credits at parent level.
- D. Customers may pay the bills of Sub customers
Correct Answer: D 🗳️
Which statement is true about NetSuite Accounts Payable transactions?
- A. Vendor Bills must be created from a Purchase Order.
- B. Paying an Unapproved Bill will cause both Bill and Payment to post to the general ledger.
- C. Bill Purchase Orders page will allow you to generate bills from multiple vendors at once.
- D. Purchase Orders must have a preceding Purchase Requisition.
Correct Answer: C 🗳️
Which statement is true about inter-company journal entries?
- A. used to log intercompany eliminations
- B. Minimum of four lines
- C. balance within each subsidiary, they need not balance between subsidiaries
- D. maximum of six lines
Correct Answer: C 🗳️
Which two statements are true about intercompany expense allocations? (Choose two.)
- A. The source can be multiple subsidiary
- B. The source must be one subsidiary
- C. The target can be multiple subsidiary
- D. The target must be one subsidiary
Correct Answer: A,C 🗳️
Which three statements are true about using Parent Accounts in NetSuite? (Choose Three)
- A. Child accounts are created by setting the "Subaccount of" field
- B. Parent accounts are created by setting the "Parent of" field
- C. Checking the Summary box allows the posting of reversing journal entries to this account.
- D. Checking the Summary box on the account record prevents anyone from posting activity to the account
- E. Parent accounts can be posting or non-posting.
Correct Answer: D,E 🗳️
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