NETSUITE ERP TEST PAPER 2026 COMPLETE
RESPONSES GRADED A+
◉ how would the adjust inventory worksheet used on LIFO costed
items be affected? Answer: Costing methods reset to average costing
and costing history is lost
◉ matrix items Answer: track inventory and pricing items separately
based on item options
◉ best method to track inventory Answer: multi-location inventory,
even if multiple locations are not currently used, this is better for
potential company growth
◉ Assemblies with what two costing methods can use
Manufacturing WIP (found in enable features)? Answer: Standard
and Average costing, not lifo & fifo
◉ what is a non-editable field after an item is created? Answer:
costing method (doesnt matter which one)
◉ what is the limit on number of subitems that can be setup for
matrix items? Answer: 2000
,◉ Why is adjust inventory preferred over Adjust Inventory
Worksheet Answer: lot numbered and serialized inventory are
visible in inventory and transaction costing history is preserved
using adjust inventory
◉ an items physical inventory count is 15 but the system says 20,
how can you correct the inventory? Answer: enter 15 in adjust
inventory WORKSHEET or enter -5
◉ Item is not a mandatory field in opportunity, sales order, or lead
(choose one) Answer: Lead (Opportunity)
◉ What options are true for an employee to bill time to a customer?
Answer: employee must be marked billable (billable flag must be
checked in the time tracking tab on the employee record and project
source must be checked in the human resources tab)
◉ what is true about case rules creation? Answer: case rules are
based on fields (account, address, category, company name, etc)
◉ How to set forecast quarterly/monthly Answer: setup > sales >
sales preferences > forecasts
◉ What record has an expiration date? Answer: Quote
, ◉ What record is internal to the company? Answer: Opportunity
◉ What record can have a status as pending approval? Answer: Sales
Order
◉ What are the required fields in online lead forms? Answer:
company name, first name, last name, title, priority, and subsidiary
◉ Which of the following are mandatory fields in opportunity
standard form? Answer: status, subsidiary, and company
◉ When a credit memo is not processing the return, what likely
happened? Answer: A cash sale form cannot convert to credit memo
◉ What is one factor which determines whether a customer refund
will be given or a credit memo will be issued? Answer: the type of
form used for entering a sales order
◉ what are two correct statements about Ecommerce? Answer:
HTML is not required for sitebuilder, and shopping cart allows sales
orders to automatically get updated in netsuite
◉ to ensure that a drop ship purchase order is created from drop
ship sales orders, what are three things that have to be true?
RESPONSES GRADED A+
◉ how would the adjust inventory worksheet used on LIFO costed
items be affected? Answer: Costing methods reset to average costing
and costing history is lost
◉ matrix items Answer: track inventory and pricing items separately
based on item options
◉ best method to track inventory Answer: multi-location inventory,
even if multiple locations are not currently used, this is better for
potential company growth
◉ Assemblies with what two costing methods can use
Manufacturing WIP (found in enable features)? Answer: Standard
and Average costing, not lifo & fifo
◉ what is a non-editable field after an item is created? Answer:
costing method (doesnt matter which one)
◉ what is the limit on number of subitems that can be setup for
matrix items? Answer: 2000
,◉ Why is adjust inventory preferred over Adjust Inventory
Worksheet Answer: lot numbered and serialized inventory are
visible in inventory and transaction costing history is preserved
using adjust inventory
◉ an items physical inventory count is 15 but the system says 20,
how can you correct the inventory? Answer: enter 15 in adjust
inventory WORKSHEET or enter -5
◉ Item is not a mandatory field in opportunity, sales order, or lead
(choose one) Answer: Lead (Opportunity)
◉ What options are true for an employee to bill time to a customer?
Answer: employee must be marked billable (billable flag must be
checked in the time tracking tab on the employee record and project
source must be checked in the human resources tab)
◉ what is true about case rules creation? Answer: case rules are
based on fields (account, address, category, company name, etc)
◉ How to set forecast quarterly/monthly Answer: setup > sales >
sales preferences > forecasts
◉ What record has an expiration date? Answer: Quote
, ◉ What record is internal to the company? Answer: Opportunity
◉ What record can have a status as pending approval? Answer: Sales
Order
◉ What are the required fields in online lead forms? Answer:
company name, first name, last name, title, priority, and subsidiary
◉ Which of the following are mandatory fields in opportunity
standard form? Answer: status, subsidiary, and company
◉ When a credit memo is not processing the return, what likely
happened? Answer: A cash sale form cannot convert to credit memo
◉ What is one factor which determines whether a customer refund
will be given or a credit memo will be issued? Answer: the type of
form used for entering a sales order
◉ what are two correct statements about Ecommerce? Answer:
HTML is not required for sitebuilder, and shopping cart allows sales
orders to automatically get updated in netsuite
◉ to ensure that a drop ship purchase order is created from drop
ship sales orders, what are three things that have to be true?
