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Question 1

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 2

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 3

Which statement is true about the Period Close Checklist?

Options :

A : This is required for Year-End Close.

B : Tasks may be completed in any order.

C : Customer-specific steps can be added.

D : Tasks displayed depend upon features enabled.

Answer: D

Question 4

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 5

Which two are elements unique to setting up Financial Sections in a NetSuite Financial report? (Choose two.)

Options :

A : Formula rows calculate from the row immediately above

B : Each Section can be customized to have multiple account types.

C : Each Financial Section has its own header and summary row.

D : Custom sections are restricted to one account type.

Answer: B,C