In which two places can Invoices be created based upon Billing Schedules? (Choose two)

AIndividually from the Sales Order

BIndividually from the Project record

CIn bulk from the Approve Time screen

DThe billing queue under Bill Orders

Answer : A, D

Which statement is true about Accept Customer Payment?

ACustomer Payments and Cash Sales have the same GL Impact.

BA single customer payment can be applied to multiple invoices.

CCustomer Payment and Customer Deposit are different terms for the same transaction.

DCustomer Payments post to Undeposited Funds when payment is questionable.

Answer : B

Which two statements are true about Vendors in a One World account? (Choose two.)

AVendors can have multiple currencies.

BThere is one Credit Limit value per Vendor.

CVendors can only be assigned to one subsidiary.

DVendors can be assigned to multiple subsidiaries.

Answer : A, D

Which statement is true about NetSuite Accounts Payable transactions?

AVendor Bills must be created from a Purchase Order.

BPurchase Orders must have a preceding Purchase Requisition.

CBill Purchase Orders page will allow you to generate bills from multiple vendors at once.

DPaying an Unapproved Bill will cause both Bill and Payment to post to the general ledger.

Answer : C

Which two account types can be used to Pay Vendor Bills? (Choose two)

ABank

BAsset

CExpense

DCredit Card

ENon-Posting

Answer : A, D

Free Practice Questions for NetSuite-Financial-User Exam