N16302GC10 Sample Questions & Answers
Free NetSuite ERP Consultant Professional practice questions with worked answers and explanations. See how the ExamJungle simulator prepares you — then jump into the full test.
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- Question 1IntermediateSelect 2
Record to Report · Identify how NetSuite Segments are handled in NetSuite, and when to use custom segments
A client wants to track 'Sales Channel' (e.g., Direct, Partner, Web) on all sales transactions and wants this field to impact the General Ledger for segment-based financial reporting. Which TWO features should be configured to meet this requirement? (Select TWO)
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Correct answers: B, D
For a Custom Segment to appear on the GL and be used in financial reporting like a standard segment, the 'GL Impact' checkbox must be enabled during or after creation.
Custom Segments are designed specifically to act like standard segments (Class, Department, Location) and can be configured to have GL impact.
- Question 2Intermediate
Record to Report · Identify the constraints of features and functionality related to Journal Entries
A company requires that all expense reports submitted by employees in the 'Engineering' department be allocated 40% to 'R&D' and 60% to 'Product Development' automatically upon approval. Which NetSuite feature is best suited to automate this requirement?
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Correct answer: C
Expense Allocation Schedules allow you to define rules to automatically distribute expenses from a source account/segment to destination accounts/segments based on fixed percentages or statistical accounts.
- Question 3Beginner
Record to Report · Identify how NetSuite taxes are configured
A consultant is configuring tax settings for a US-based company that has just opened a warehouse in Canada. The company needs to charge GST/HST on Canadian sales. What is the foundational step required to enable this capability in NetSuite?
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Correct answer: A
In NetSuite, a Nexus defines the jurisdiction in which the company is liable for collecting and paying taxes. To charge Canadian taxes, the subsidiary must have a Canadian Nexus configured.
- Question 4Beginner
Design to Build · Select the appropriate Item Type for a given use case
True or False: In a NetSuite OneWorld account, you can share a single Item record across multiple subsidiaries even if those subsidiaries have different Base Currencies.
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Correct answer: A
Items in NetSuite OneWorld can be shared across multiple subsidiaries. The system handles currency conversion for pricing if defined, or you can set specific prices per currency. The 'Subsidiary' field on the item record determines which subsidiaries can transact with that item.
- Question 5Intermediate
Design to Build · Select the appropriate Item Type for a given use case
A retailer sells a 'Summer Beach Bundle' which consists of a Towel, a Sunscreen, and a Tote Bag. The retailer wants to sell these as a single unit with a discounted price, but the inventory for the Towel, Sunscreen, and Tote Bag needs to be tracked individually in the warehouse. Which Item Type should be used?
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Correct answer: C
A Kit/Package item allows you to sell multiple items as a single unit with a single price, while still deducting the inventory of the individual components. The Kit itself does not track inventory quantity.
- Question 6Advanced
Design to Build · Recognize how various settings and transactions affect item costing
A wholesale distributor uses 'Average Costing'. They recently processed a Vendor Bill for 100 units at $10 each before the corresponding Item Receipt was created. The Item Receipt was later created for 100 units. What is the impact on the inventory asset value?
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Correct answer: D
Billing in advance posts the value to the ledger. If the quantity is 0 (because receipt hasn't happened), the system may have a value but no quantity. When the receipt happens, the system attempts to reconcile. This sequence is risky for Average Costing and can lead to data integrity issues or unexpected cost calculations.
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