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N16599GC10 PDF Questions and Testing Engine With 87 Questions
Oracle N16599GC10 Exam Syllabus Topics:
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NEW QUESTION # 15
Which statement is true about Accept Customer Payment?
- A. Customer Payments and Cash Sales have the same GL Impact.
- B. Customer Payment and Customer Deposit are different terms for the same transaction.
- C. A single customer payment can be applied to multiple invoices.
- D. Customer Payments post to Undeposited Funds when payment is questionable.
Answer: C
NEW QUESTION # 16
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?
- A. Action: Reminder
- B. Number Remaining
- C. Indefinite
- D. Override Transaction Date
- E. Action: Automatic
Answer: A,C
NEW QUESTION # 17
Which two statements are true about intercompany expense allocations? (Choose two.)
- A. The source can be multiple subsidiary
- B. The source must be one subsidiary
- C. The target can be multiple subsidiary
- D. The target must be one subsidiary
Answer: A,C
NEW QUESTION # 18
Which three statements are true about using Parent Accounts in NetSuite? (Choose Three)
- A. Parent accounts can be posting or non-posting.
- B. Checking the Summary box on the account record prevents anyone from posting activity to the account
- C. Parent accounts are created by setting the "Parent of" field
- D. Child accounts are created by setting the "Subaccount of" field
- E. Checking the Summary box allows the posting of reversing journal entries to this account.
Answer: A,B
Explanation:
Child accounts are created by setting the "Subaccount of" field
NEW QUESTION # 19
Which two transactions containing inventory items will post to COGS? (Choose two)
- A. Invoices created from Sales Orders
- B. Item Fulfillment
- C. Standalone invoices
- D. Item Return
Answer: B,C
NEW QUESTION # 20
What two transactions cause a Bill Variance journal entry to be posted?
- A. purchase requisition
- B. purchase order
- C. Item receipt
- D. bill payment
- E. Vendor bill
Answer: C,D
NEW QUESTION # 21
What is the order of steps for the NetSuite standard accounts receivable process?
- A. Approve Sales Order > Fulfill Sales Order > Bill Sales Order
- B. Bill Sales Order > Approve Sales Order > Fulfill Sales Order
- C. Approve Sales Order > Bill Sales Order > Fulfill Sales Order
- D. Fulfill Sales Order > Approve Sales Order > Bill Sales Order
Answer: A
NEW QUESTION # 22
Which two statements are true about setting up expense allocations? (Choose two.)
- A. The target can be multiple accounts
- B. The target must be one account
- C. The source can be multiple accounts
- D. The source must be one account.
Answer: A,C
NEW QUESTION # 23
How are fiscal calendars used by subsidiaries?
- A. Parent-Child subsidiaries must use the same fiscal calendar
- B. Each period may be closed separately in each subsidiary.
- C. Each subsidiary may use its own fiscal calendar.
- D. Each period must be locked in each subsidiary separately.
Answer: C
NEW QUESTION # 24
Characteristics of purchase order in NetSuite?
- A. purchase orders have no accounting/GL impact
- B. purchase order must be in the primary currency of the vendor
- C. a purchase requisition is required before creating a purchase order
- D. purchase in the currency the of the vendor's primary subsidiary
Answer: A
NEW QUESTION # 25
Which statement is true about NS budgets?
- A. Budgets must be answered manually
- B. Budget Hold setting for expense accounts will prevent overspending
- C. Budgets can only be created for income and expense accounts
- D. Multiple budgets can be created for same year and criteria
Answer: D
NEW QUESTION # 26
What is the simplest way to post incurred bank fees while using the Reconcile Bank Statement page?
- A. Post a Journal Entry
- B. Use the New Deposits subtab
- C. Post a Write Check transaction
- D. Use the New Charges subtab
Answer: D
NEW QUESTION # 27
What is a characteristic of importing journal entries?
- A. Journal entries imported unbalanced must be fixed before approval.
- B. The limit of lines for journal entry import is 1,000.
- C. The limit of lines for journal entry import is 10,000.
- D. Journal entries can only be imported using web services.
Answer: C
NEW QUESTION # 28
How must a Bank Account be denominated when using the multi-currency feature?
- A. It may be denominated in multiple currencies.
- B. It may be denominated in any one currency.
- C. It must be denominated in the Base Currency of the Root Subsidiary
- D. It must be denominated in the Base Currency of the subsidiary.
Answer: B
NEW QUESTION # 29
A Sales Order should be billed when certain key project tasks have been completed. Which type of billing schedule should be used?
- A. Charge Based
- B. Standard
- C. Time and Material
- D. Fixed Bid Milestone
Answer: D
NEW QUESTION # 30
What are two characteristics of setting up Bank Accounts? (Choose 2)
- A. A bank account can be held in multiple currencies
- B. A bank account must belong to only one subsidiary
- C. A bank account must be held in one currency only
- D. A bank account can be shared by multiple subsidiaries
Answer: B,C
NEW QUESTION # 31
What is the simplest way to post interest accrued while using the Reconcile Bank Statement page?
- A. Use the New Charges subtab
- B. Use the New Deposits subtab
- C. Post a Journal Entry
- D. Post a Write Check transaction
Answer: B
NEW QUESTION # 32
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