Question 1

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 2

What are two differences between fixed and dynamic allocation schedules? (Choose two.)

Options :

A : Fixed allocation requires zeroing out the source account

B : Dynamic allocation requires zeroing out the source account.

C : Dynamic allocation schedules must use statistical accounts.

D : Fixed allocation schedules must have predefined weighting that does not change

Answer: C,D

Question 3

How can the financial reports be kept separate when tracking finances for two wholly owned but distinct legal entities in one NetSuite account?

Options :

A : use separate fiscal calendars

B : use classes

C : use the multi-book accounting feature

D : use subsidiaries

Answer: D

Question 4

Which two options should be selected to create a memorized transaction for the electric bill, which varies in amount each month but will continue until canceled?

Options :

A : Action: Reminder

B : Override Transaction Date

C : Action: Automatic

D : Indefinite

E : Number Remaining

Answer: A,D

Question 5

Which are 2 elements unto to setting up financial sections in NetSuite financial report? (Choose 2)

Options :

A : custom sections are restricted to one account type

B : formula rows calculate from the row immediately above

C : Each financial section has its own header and summary row

D : Each section can be customized to have multiple account types

Answer: C,D

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