NetSuite Foundation Dumps Exam Question No 5

Question No 5:

In a OneWorld account, which two steps are required to make items taxable? (choose 2)

A. Assign a tax schedule on the item record.
B. Set the taxable flag on the Item to “Yes”.
C. Create tax schedules for groups of Items.
D. Add the Item to the appropriate tax schedule.

Answer: A, C

NetSuite Foundation Dumps Exam Question No 4

Question No 4:

How can the impact of intercompany purchases and sales be offset?

A. Post journals to an elimination subsidiary.
B. Ensure the subsidiaries have the same parent.
C. Exclude one of the subsidiaries when reporting.
D. Set the same base currency in both subsidiaries.

Answer: A

NetSuite Foundation Exam Question No 3

Question No 3:

Which structure will allow the tracking of consolidated financial reports by a legal entity?

A. Classes
B. Locations
C. Subsidiaries
D. Departments

Answer: C