NetSuite Financial User - Financial User Exam
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Total 28 questions
Question #6 (Topic: Exam A)
Which transaction transfers the Customer Deposit liability to offset the Invoice Accounts Receivable GL Impact?
A. Deposit Application
B. Credit Memo
C. Journal Entry
D. Sales Order
Answer: A
Question #7 (Topic: Exam A)
A Sales Order should be billed when certain key project tasks have been completed.
Which type of Billing Schedule should be used?
Which type of Billing Schedule should be used?
A. Fixed Bid Milestone
B. Standard
C. Time and Material
D. Charge Based
Answer: A
Question #8 (Topic: Exam A)
Which statement is true about assigning a Billing Schedule to an Item record?
A. It forces all the lines on a Sales Orders to have a Billing Schedule.
B. It ensures the Item will always have the Billing Schedule default in correctly on the Sales Order.
C. It requires that all Items on the same Sales Order have a Billing Schedule of some kind.
D. It requires that all Items on the same Sales Order use the same Billing Schedule.
Answer: B
Question #9 (Topic: Exam A)
HOTSPOT
Match each step in the standard Accounts Payable workflow in NetSuite with its step number.
Match each step in the standard Accounts Payable workflow in NetSuite with its step number.
Answer: 
Question #10 (Topic: Exam A)
Which two statements are true about vendors and multi-currency? (Choose two.)
A. The currency on the purchase order can be changed at the point when the purchase order is billed.
B. Currencies must be added to the Vendor before being used on a transaction.
C. The primary currency is used for the credit limit.
D. To remove a currency from a vendor you must first close any open transactions in that currency.
E. Vendors can have up to five currencies.
Answer: BD
