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Which account type is non-posting?
A. Other Current Liability
B. Deferred Expense
C. Unbilled Receivable
D. Statistical Account-*Statistical accounts are non-monetary accounts that can be used to maintain statistical information for a variety of metrics. For example, a statistical account could be established to maintain the employee headcount by the department in an organization.
Answer: D
NEW QUESTION # 32
Which are 2 elements unto to setting up financial sections in NetSuite financial report? (Choose 2)
A. custom sections are restricted to one account type
B. Each financial section has its own header and summary row
C. formula rows calculate from the row immediately above
D. Each section can be customized to have multiple account types
Answer: B,D
NEW QUESTION # 33
What is the order of steps for the NetSuite standard accounts receivable process?
A. Approve Sales Order > Fulfill Sales Order > Bill Sales Order
B. Fulfill Sales Order > Approve Sales Order > Bill Sales Order
C. Approve Sales Order > Bill Sales Order > Fulfill Sales Order
D. Bill Sales Order > Approve Sales Order > Fulfill Sales Order
Answer: A
NEW QUESTION # 34
Which two statements are true about Invoices in NetSuite? (Choose two)
A. Invoices can be created without reference to a Sales Order.
B. Multiple Sales Orders can generate one Invoice.
C. The Electronic Invoicing SuiteApp allows sending of individual invoices or batches.
D. Invoices can be assigned to Sales Orders after the Invoice has been created.
Answer: A,C
NEW QUESTION # 35
Which statement is true about Accept Customer Payment?
A. Customer Payments and Cash Sales have the same GL Impact.
B. A single customer payment can be applied to multiple invoices.
C. Customer Payments post to Undeposited Funds when payment is questionable.
D. Customer Payment and Customer Deposit are different terms for the same transaction.
Answer: B
NEW QUESTION # 36
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