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

On which financial statement are invoices summarized?

• A.Balance sheet
• B.GL
• C.Income Statement
• D.AP Aging

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.Purchase Order
• C.Pay single vendor
• D.Transfer funds

What does the setting "Accept Payment at Top Level Customer" allow for?

• A.Sub customers cannot pay their own bills
• B.Allows Refunds and Credits at parent level.
• C.Customers may pay the bills of Sub customers
• D.Sub customers may pay the bills of their parent

Which account type is non-posting?

• A.Unbilled Receivable
• B.Deferred Expense
• C.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.
• D.Other Current Liability