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Oracle NetSuite Financial User Sample Questions (Q17-Q22):NEW QUESTION # 17
Which statement is true about inter-company journal entries?
- A. Minimum of four lines
- B. balance within each subsidiary, they need not balance between subsidiaries
- C. used to log intercompany eliminations
- D. maximum of six lines
Answer: B
NEW QUESTION # 18
What are two considerations for managing multiple fiscal calendars? Choose two
- A. Periods are shared across fiscal calendars.
- B. A subsidiary can have multiple fiscal calendars without multi-Book
- C. A fiscal calendar can be used by multiple subsidiaries
- D. Periods are created separately for each fiscal calendar
Answer: A,C
NEW QUESTION # 19
Which statement is true about billing a purchase order in NetSuite?
- A. Only approved vendor bills post to the general ledger
- B. All bills must be created from a PO
- C. Vendor bills post to the general ledger, whether approved or not
- D. Standalone bills containing inventory line items have no inventory account impact
Answer: A
NEW QUESTION # 20
Which statement is true about Local versus Global budgets?
- A. Local budget can be entered in the currency of the parent or the child subsidiary.
- B. It is recommended that either a Global or a Local budget should be used, rather than both types.
- C. Budgets are automatically converted in reports to show in the currency context being viewed.
- D. Global budgets can be entered in the currency of the parent or the child subsidiary.
Answer: C
NEW QUESTION # 21
Where can invoices that have already been generated be seen from the sales order screen?
- A. Click the bill remaining button
- B. Under the billing tab, on the billing schedule
- C. Under related records
- D. Next to each line item
Answer: C
NEW QUESTION # 22
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