Read Online N16599GC10 Test Practice Test Questions Exam Dumps
Easily To Pass New N16599GC10 Premium Exam Updated [Jan 20, 2026]
NEW QUESTION # 23
What are two characteristics of setting up Bank Accounts? (Choose 2)
- A. A bank account must belong to only one subsidiary
- B. A bank account can be shared by multiple subsidiaries
- C. A bank account can be held in multiple currencies
- D. A bank account must be held in one currency only
Answer: A,D
NEW QUESTION # 24
Which account type is non-posting?
- A. Other Current Liability
- B. Deferred Expense
- C. Unbilled Receivable
- D. Statistical Account-*Statistical accounts are non-monetary accounts that can be used to maintain statistical information for a variety of metrics. For example, a statistical account could be established to maintain the employee headcount by the department in an organization.
Answer: D
NEW QUESTION # 25
What are two considerations for managing multiple fiscal calendars? (Choose 2)
- A. A fiscal calendar can be used by multiple subsidiaries
- B. Periods are created separately for each fiscal calendar
- C. a subsidiary can have multiple fiscal calendars without multi-book
- D. Periods are shared across fiscal calendars
Answer: A,D
NEW QUESTION # 26
How can an Expense Allocation Schedule be set up to dynamically recalculate weighting each time it is applied?
- A. Use a statistical account
- B. Predefine the weighting when setting up the schedule
- C. Use custom segments
- D. Click the Update Sample Weights button.
Answer: B
NEW QUESTION # 27
What two transactions cause a Bill Variance journal entry to be posted?
- A. Vendor bill
- B. bill payment
- C. purchase order
- D. Item receipt
- E. purchase requisition
Answer: B,D
NEW QUESTION # 28
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 must be created from a Sales Order.
- B. Customer Deposits are recorded as a liability.
- C. Customer Deposits can be linked to an unapproved Sales Order.
- D. Customer Deposits post to Accounts Receivable.
Answer: B
NEW QUESTION # 29
Which statement is true about inter-company journal entries?
- A. Minimum of four lines
- B. balance within each subsidiary, they need not balance between subsidiaries
- C. maximum of six lines
- D. used to log intercompany eliminations
Answer: B
NEW QUESTION # 30
Which two statements are true about budgets in NetSuite? (Choose two.)
- A. Global budget amounts may fluctuate when viewed in root parent currency.
- B. Budgets can use statistical accounts
- C. Budgets set to "Enforce" prevent overspending.
- D. Local budget amounts may fluctuate when consolidated to parent subsidiary view.
Answer: B,D
NEW QUESTION # 31
What is the order of steps for the NetSuite standard accounts receivable process?
- A. Fulfill Sales Order > Approve Sales Order > Bill Sales Order
- B. Approve Sales Order > Fulfill Sales Order > Bill Sales Order
- C. Bill Sales Order > Approve Sales Order > Fulfill Sales Order
- D. Approve Sales Order > Bill Sales Order > Fulfill Sales Order
Answer: B
NEW QUESTION # 32
Characteristics of purchase order in NetSuite?
- A. purchase in the currency the of the vendor's primary subsidiary
- B. a purchase requisition is required before creating a purchase order
- C. purchase orders have no accounting/GL impact
- D. purchase order must be in the primary currency of the vendor
Answer: C
NEW QUESTION # 33
Which two boxes must be used to reverse the journal entry next month (choose 2)
- A. do not post until
- B. Defer entry
- C. pending approval
- D. Reversal date
- E. memo
Answer: B,D
NEW QUESTION # 34
Which setting requires separate review of sales orders?
- A. Pending fulfillment status
- B. Credit Limit
- C. Pending Billing status
- D. Pending approval status
Answer: D
NEW QUESTION # 35
Which statement is true about Local versus Global budgets?
- A. It is recommended that either a Global or a Local budget should be used, rather than both types.
- B. Global budgets can be entered in the currency of the parent or the child subsidiary.
- C. Local budget can be entered in the currency of the parent or the child subsidiary.
- D. Budgets are automatically converted in reports to show in the currency context being viewed.
Answer: D
NEW QUESTION # 36
Which two statements are true about Vendors in a One World account? (Choose two.)
- A. Vendors can have multiple currencies.
- B. Vendors can only be assigned to one subsidiary.
- C. Vendors can be assigned to multiple subsidiaries.
- D. There is one Credit Limit value per Vendor.
Answer: A,C
NEW QUESTION # 37
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 # 38
The simplest way to post bank service fees ... reconcile bank statement pages?
- A. Enter on the new charge's subtab
- B. enter on the new deposit subtab
- C. post journal entry
- D. post a write check transaction
Answer: B
NEW QUESTION # 39
Which 3 statements are true about parent accounts in NetSuite (choose 3)?
- A. parent accounts are created by setting the "parent of" field
- B. checking the summary box on the account record prevents anyone from posting activity to the account
- C. checking the summary box allows the posting of reversing journal entries to this account
- D. child accounts are created by setting the subaccount of field
- E. parent accounts can be posting or not posting
Answer: B,C,D
NEW QUESTION # 40
Which two statements are true about vendors and multicurrency (choose 2)
- A. currencies must be added to the Vendor before being used on transaction
- B. vendors can have up to 5 currencies
- C. the primary currency is used for the credit limit
- D. the currency on the purchase order can be changed at the point when purchase order is billed
- E. to remove a currency from a vendor, you must first close any open transactions in that currency
Answer: A,C
NEW QUESTION # 41
Which report shows the total value of current assets?
- A. General Ledger
- B. Balance Sheet
- C. Profit and Loss / Income Statement
- D. Cash Flow Statement
Answer: B
NEW QUESTION # 42
What does the setting "Accept Payment at Top Level Customer" allow for?
- A. Sub customers may pay the bills of their parent
- B. Sub customers cannot pay their own bills
- C. Customers may pay the bills of Sub customers
- D. Allows Refunds and Credits at parent level.
Answer: C
NEW QUESTION # 43
Which expense allocation use case requires the use of statistical accounts?
- A. static division of rent-based location
- B. predefined split of marketing costs among sales channels
- C. Division of recruiting based upon headcount
- D. even 50/50 split of receptionist salary based on department
Answer: C
NEW QUESTION # 44
which 2 record types can be applied to customer payment (choose 2)
- A. cash sales
- B. credit memo
- C. customer deposit
- D. refund
Answer: B,C
NEW QUESTION # 45
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: Automatic
- B. Action: Reminder
- C. Indefinite
- D. Override Transaction Date
- E. Number Remaining
Answer: B,C
NEW QUESTION # 46
Which Two accounts have dedicated reconciliation page in NS?
- A. Sales Tax Liability
- B. Bank
- C. Fixed Asset
- D. Credit Card
Answer: B,D
NEW QUESTION # 47
......
Oracle N16599GC10 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
| Topic 6 |
|
| Topic 7 |
|
| Topic 8 |
|
N16599GC10 Certification All-in-One Exam Guide Jan-2026: https://dumpsninja.surepassexams.com/N16599GC10-exam-bootcamp.html