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[General] N16599GC10 Actual Tests & Printable N16599GC10 PDF

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【General】 N16599GC10 Actual Tests & Printable N16599GC10 PDF

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Oracle NetSuite Financial User Sample Questions (Q72-Q77):NEW QUESTION # 72
Which two transactions containing inventory items will post to COGS? (Choose two)
  • A. Item Fulfillment
  • B. Item Return
  • C. Standalone invoices
  • D. Invoices created from Sales Orders
Answer: A,C

NEW QUESTION # 73
What account is used when you want to accumulate all customer payments to make a consolidated deposit at the end of a given day?
Undeposited accounts
Which statement is true about Customer Deposits?
  • A. Customer Deposits are recorded as a liability.
  • B. Customer Deposits post to Accounts Receivable.
  • C. Customer Deposits can be linked to an unapproved Sales Order.
  • D. Customer Deposits must be created from a Sales Order.
Answer: A

NEW QUESTION # 74
Which transaction, that records the expense and the cash spent in one step, can be used to record ad-hoc purchases such as petty cash
  • A. Write check
  • B. Pay single vendor
  • C. Transfer funds
  • D. Purchase Order
Answer: A

NEW QUESTION # 75
What is one characteristic of Elimination Journal Entries?
  • A. They are approved automatically when entered manually.
  • B. They are used to transfer profit from one subsidiary to another
  • C. They are posted to only one subsidiary.
  • D. They are the same as Intercompany Journal Entries.
Answer: C
Explanation:
Alternative Answers:

NEW QUESTION # 76
Which two statements are true about Vendors in a One World account? (Choose two.)
  • A. Vendors can be assigned to multiple subsidiaries.
  • B. Vendors can only be assigned to one subsidiary.
  • C. There is one Credit Limit value per Vendor.
  • D. Vendors can have multiple currencies.
Answer: A,D

NEW QUESTION # 77
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