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Oracle NetSuite Financial User Sample Questions (Q83-Q88):
NEW QUESTION # 83
What account is used when you want to accumulate all customer payments to make a consolidated deposit at the end of a given day?
Undeposited accounts
Which statement is true about Customer Deposits?
- A. Customer Deposits can be linked to an unapproved Sales Order.
- B. Customer Deposits are recorded as a liability.
- C. Customer Deposits post to Accounts Receivable.
- D. Customer Deposits must be created from a Sales Order.
Answer: B
NEW QUESTION # 84
What is the purpose of an elimination subsidiary?
- A. Entering non-posting transactions
- B. Posting non-auditable transactions
- C. Offsetting expenses between departments
- D. Offsetting intercompany transactions
Answer: D
NEW QUESTION # 85
Which statement is true about the Memorized Transactions feature?
- A. The Update Prices checkbox allows manual review of the transaction before it is posted.
- B. The Number Remaining refers to the quantity of Item ordered remaining to be billed or shipped.
- C. The Remind Forever setting sends notice to the Customer that a new Invoice has been created.
- D. The Remind Me setting allows manual review of the transaction before it is posted.
Answer: D
NEW QUESTION # 86
Which setting requires separate review of sales orders?
- A. Pending approval status
- B. Pending Billing status
- C. Credit Limit
- D. Pending fulfillment status
Answer: A
NEW QUESTION # 87
How are fiscal calendars used by subsidiaries?
- A. Each period must be locked in each subsidiary separately.
- B. Each period may be closed separately in each subsidiary.
- C. Parent-Child subsidiaries must use the same fiscal calendar
- D. Each subsidiary may use its own fiscal calendar.
Answer: D
NEW QUESTION # 88
......
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