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NetSuite Financial User Certification Sample Questions:

1. 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 are recorded as a liability.
B) Customer Deposits must be created from a Sales Order.
C) Customer Deposits can be linked to an unapproved Sales Order.
D) Customer Deposits post to Accounts Receivable.

2. Which statement is true about re-opening closed periods?

A) Only administrator can re-open closed periods
B) The period close checklist is only required the first time you close a period
C) A justification must be entered to re-open a closed period
D) If only one period is re-opened, no other periods are affected

3. Which statement is true about recording customer payments?

A) Accept Customer Payment offsets Accounts Receivable posting
B) Electronic payments SuiteApp is required to record customer payments by credit card
C) Customer payments must match paid invoices 1:1
D) Undeposited Funds is not necessary if all your customers pay by credit card.

4. Which row type in a Financial Report allows display of the same unmodified data from another row?

A) Reference Row
B) Formula Row
C) Echo Row
D) Text Row

5. Which two transactions containing inventory items will post to COGS? (Choose two)

A) Item Return
B) Standalone invoices
C) Invoices created from Sales Orders
D) Item Fulfillment

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