Question 1

What two transactions cause a Bill Variance Journal entry to be posted? (Choose two.)

Options :

A : Purchase Requisition

B : Item Receipt

C : Bill Payment

D : Vendor Bill

E : Purchase Order

Answer: B,D

Question 2

When entering a journal, which two boxes must be used to reverse the journal entry next month, so that the reversal is not created until then? (Choose Two)

Options :

A : Do Not Post Until

B : . Defer Entry

C : Memo

D : Pending Approval

E : Reversal Date

Answer: B,E

Question 3

What is a characteristic of importing journal entries?

Options :

A : The limit of lines for journal entry import is 1,000

B : The limit of lines for journal entry import is 10,000.

C : Journal entries can only be imported using web services.

D : Journal entries imported unbalanced must be fixed before approval.

Answer: B

Question 4

Which two are elements unique to setting up Financial Sections in a NetSuite Financial report? (Choose two.)

Options :

A : Formula rows calculate from the row immediately above

B : Each Section can be customized to have multiple account types.

C : Each Financial Section has its own header and summary row.

D : Custom sections are restricted to one account type.

Answer: B,C

Question 5

Which report shows the total value of current assets?

Options :

A : Balance Sheet

B : General Ledger

C : Profit and Loss / Income Statement

D : Cash Flow Statement

Answer: A