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Oracle NetSuite Financial User Sample Questions (Q77-Q82):

NEW QUESTION # 77
What is a characteristic of Intercompany JEs?

A. If they are unbalanced between subsidiaries, they must balance within each subsidiary
B. They require a minimum of 2 lines
C. An elimination subsidiary must be one of the included subsidiaries
D. The exchange rate can be set manually

Answer: A

NEW QUESTION # 78
What is the purpose of an elimination subsidiary?

A. Posting non-auditable transactions
B. Entering non-posting transactions
C. Offsetting intercompany transactions
D. Offsetting expenses between departments

Answer: C

NEW QUESTION # 79
When entering a journal, which two boxes must be used to reverse the journal entry next month, so that the reversal is not created until then? (Choose Two)

A. Pending Approval
B. Do Not Post Until
C. Defer Entry
D. Reversal Date
E. Memo

Answer: C,D

NEW QUESTION # 80
What is one characteristic of Elimination Journal Entries?

A. They are used to transfer profit from one subsidiary to another
B. They are approved automatically when entered manually.
C. They are the same as Intercompany Journal Entries.
D. They are posted to only one subsidiary.

Answer: D

Explanation:
Alternative Answers:

NEW QUESTION # 81
Where can invoices that have already been generated be seen from the sales order screen?

A. Under the billing tab, on the billing schedule
B. Click the bill remaining button
C. Next to each line item
D. Under related records

Answer: D

NEW QUESTION # 82
......

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