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NetSuite Financial User Certification Sample Questions:

1. which 2 record types can be applied to customer payment (choose 2)

A) refund
B) customer deposit
C) credit memo
D) cash sales

2. To which account should the customer payments be posted, to consolidate all customer payments recorded through the day into one bank deposit at the end of the day?

A) undeposited funds
B) Bank account
C) accounts receivable
D) customer deposits

3. How does enabling accounting features affect the chart of accounts?

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

4. A Sales Order should be billed when certain key project tasks have been completed. Which type ofbilling schedule should be used?

A) Fixed Bid Milestone
B) Charge Based
C) Time and Material
D) Standard

5. Which three statements are true about using Parent Accounts in NetSuite? (Choose Three)

A) Checking the Summary box on the account record prevents anyone from posting activity to the account
B) Parent accounts can be posting or non-posting.Child accounts are created by setting the "Subaccount of" field
C) Child accounts are created by setting the "Subaccount of" field
D) Checking the Summary box allows the posting of reversing journal entries to this account.
E) Parent accounts are created by setting the "Parent of" field

Solutions: