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NetSuite Financial User Certification Exam Sample Questions (Q33-Q38):

NEW QUESTION # 33
What is one characteristic of Elimination Journal Entries?

* A. They are approved automatically when entered manually.
* B. They are the same as Intercompany Journal Entries.
* C. They are used to transfer profit from one subsidiary to another Alternative Answers:
* D. They are posted to only one subsidiary.
Answer: D

NEW QUESTION # 34
which statement is true about assigning a billing schedule to an item record?

* A. it ensures that item will always have the billing default in correctly on the sales order
* B. it requires that items on the same sales order have billing schedule of some kind
* C. it forces all the lines on sales order to have billing schedule
* D. it requires that all items on the sales order used same billing schedule
Answer: A

NEW QUESTION # 35
Which two account types can be used to Pay Vendor Bills? (Choose two)

* A. Non-Posting
* B. Expense
* C. Bank
* D. Credit Card
* E. Asset
Answer: C,D

NEW QUESTION # 36
Which two statements are true about Invoices in NetSuite? (Choose two)

* A. Invoices can be assigned to Sales Orders after the Invoice has been created.
* B. The Electronic Invoicing SuiteApp allows sending of individual invoices or batches.
* C. Multiple Sales Orders can generate one Invoice.
* D. Invoices can be created without reference to a Sales Order.
Answer: B,D

NEW QUESTION # 37
Which expense allocation use case requires the use of statistical accounts

* A. Division of recruiting based on headcount
* B. Static division of rent based on location
* C. Even 50/50 split of receptionist salary based on department
* D. Predefined split of marketing costs among sales channels
Answer: A

NEW QUESTION # 38
......

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