Free NetSuite NetSuite-Financial-User Exam Dumps Questions & Answers

Which account in a general ledger is being cleared when Make Deposits transaction is used?

• A.Undeposited Funds
• B.Accounts Payable
• C.Customer Deposits
• D.Accounts Receivable

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 section can be customized to have multiple account types
• C.Each financial section has its own header and summary row
• D.formula rows calculate from the row immediately above

What are two considerations for managing multiple fiscal calendars? (Choose 2)

• A.a subsidiary can have multiple fiscal calendars without multi-book
• B.Periods are shared across fiscal calendars
• C.A fiscal calendar can be used by multiple subsidiaries
• D.Periods are created separately for each fiscal calendar

How does enabling accounting features affect the chart of accounts?

• A.Accounts must be renumbered.
• B.The Administrator may need to create new accounts to use new features.
• C.Statistical accounts should be used for correct posting.
• D.New accounts are automatically added to the chart of accounts when needed

What two transactions cause a Bill Variance journal entry to be posted?

• A.purchase requisition
• B.bill payment
• C.purchase order
• D.Vendor bill
• E.Item receipt