Question 1

Which feature is useful for setting up one entity to represent a customer and a vendor on core transactions?

Options :

A : Multiple Currencies

B : Multi-Subsidiary Vendor

C : Multi-Subsidiary Entity

D : Multi-Subsidiary Customer

Answer: D

Question 2

One item on a Return Authorization is damaged and will not be added back into Inventory.Which Accounting PReference: needs to be enabled to process the Return Authorization?

Options :

A : Write-Off Account for Returns

B : Enforce Minimum Quantity on Return Authorizations

C : Credit in Advance of Vendor Return

D : Allow Overage on Item Receipts

Answer: A

Question 3

Which item types can Serialized Assembly have as a component? (Choose tree.)

Options :

A : Non-Inventory Item

B : Serialized Item

C : Kit/Package

D : Lot Numbered Item

E : Regular Assembly Item

Answer: B,D,E

Question 4

Three months after going live in NetSuite, an Administrator wishes to change the Field Type of a Custom Entity field from List/Record to Multiple Select, using the same List/Record. What should the Administrator consider before making this change?

Options :

A : All data for existing records will remain when converting the field.

B : All data will be lost for existing records when converting the field.

C : Only records created after the change will see the field as Multiple Select.

D : Editing existing records will require selecting multiple values.

Answer: B

Question 5

What is the purpose of Consolidated Exchange Rates? (Choose two.)

Options :

A : Consolidated Exchange Rates are used to set up Balance Sheet Accounts.

B : Consolidated Exchange Rates ensure that currency amounts translate properly from child to parent subsidiaries.

C : Consolidated Exchange Rates are used for reporting purposes.

D : Consolidated Exchange Rates are used only when setting up transaction currencies.

E : Consolidated Exchange Rates are used for currency conversion.

Answer: B,C

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