Question 1

A user is trying to bill a Purchase Order for Item A (with a Quantity of 50) and the status is Pending Receipt. However, the Bill button does not appear on the Purchase Order. Only the Receive button shows. Which statement explains this behavior?

Options :

A : The Bill button only appears on Purchase Orders with billing terms.

B : The Bill in Advance of Receipt preference should be enabled.

C : The Advanced Billing feature should be enabled.

D : The Allow Overage on Item Receipt preference should be enabled.

Answer: B

Question 2

Three months after going live in NetSuite, an Administrator wishes to change the Field Type of a Custom Entity field from List/Record to Multiple Select, using the same List/Record. What should the Administrator consider before making this change?

Options :

A : All data for existing records will remain when converting the field.

B : All data will be lost for existing records when converting the field.

C : Only records created after the change will see the field as Multiple Select.

D : Editing existing records will require selecting multiple values.

Answer: B

Question 3

Which statement is true regarding Elimination Subsidiaries?

Options :

A : Elimination Subsidiaries are not required to be the same currency as the parent subsidiary.

B : Elimination Subsidiaries are automatically created.

C : Elimination Subsidiaries are not required to balance debits and credits.

D : Elimination Subsidiaries can only post Journal Entries.

Answer: D

Question 4

Identify the steps for valuing an inventory item using the Standard Cost Costing method?1. Rollup Standard Costs.2. Enter Standard Cost at sublist level.3. Revalue inventory and update Standard Costs.

Options :

A : 2, 3, 1

B : 3, 1, 2

C : 1, 3, 2

D : 2, 1, 3

Answer: D

Question 5

A company is using the Multiple Currencies feature. Which account type allows Revalue Open Balance for Foreign Currency Transactions?

Options :

A : Cost of Goods Sold

B : Income

C : Expense

D : Other Current Asset

Answer: D