Oracle N16599GC10 Actual Free Exam Questions & Community Discussion

Exam Code/Number: N16599GC10
Exam Name/Title: Oracle NetSuite Financial User
Certification Provider: Oracle
Corresponding Certification: NetSuite Exams

Exam Questions: 87
Updated On: May 31, 2026

Question #28

Which statement is true about inter-company journal entries?

A. used to log intercompany eliminations

B. balance within each subsidiary, they need not balance between subsidiaries

C. maximum of six lines

D. Minimum of four lines

Discussion 0

Correct Answer: B Vote an answer

Question #29

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 post to Accounts Receivable.

B. Customer Deposits must be created from a Sales Order.

C. Customer Deposits can be linked to an unapproved Sales Order.

D. Customer Deposits are recorded as a liability.

Discussion 0

Correct Answer: D Vote an answer

Question #30

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. The exchange rate can be set manually

D. An elimination subsidiary must be one of the included subsidiaries

Discussion 0

Correct Answer: A Vote an answer

Question #31

Which statement is true about billing a purchase order in NetSuite?

A. Vendor bills post to the general ledger, whether approved or not

B. Standalone bills containing inventory line items have no inventory account impact

C. All bills must be created from a PO

D. Only approved vendor bills post to the general ledger

Discussion 0

Correct Answer: D Vote an answer

Question #32

Which Two accounts have dedicated reconciliation page in NS?

A. Fixed Asset

B. Credit Card

C. Bank

D. Sales Tax Liability

Discussion 0

Correct Answer: B,C Vote an answer

Question #33

Which two statements are true about vendors and multicurrency (choose 2)

A. to remove a currency from a vendor, you must first close any open transactions in that currency

B. the currency on the purchase order can be changed at the point when purchase order is billed

C. the primary currency is used for the credit limit

D. currencies must be added to the Vendor before being used on transaction

E. vendors can have up to 5 currencies

Discussion 0

Correct Answer: C,D Vote an answer

Question #34

How does enabling accounting features affect the chart of accounts?

A. Statistical accounts should be used for correct posting.

B. The Administrator may need to create new accounts to use new features.

C. New accounts are automatically added to the chart of accounts when needed

D. Accounts must be renumbered.

Discussion 0

Correct Answer: C Vote an answer

Question #35

What is the order of steps for the NetSuite standard accounts receivable process?

A. Approve Sales Order > Fulfill Sales Order > Bill Sales Order

B. Fulfill Sales Order > Approve 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

Discussion 0

Correct Answer: A Vote an answer

Question #36

Which expense allocation use case requires the use of statistical accounts?

A. even 50/50 split of receptionist salary based on department

B. predefined split of marketing costs among sales channels

C. Division of recruiting based upon headcount

D. static division of rent-based location

Discussion 0

Correct Answer: C Vote an answer

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