100% Free Oracle N16599GC10 Practice Test Questions and Answers 2026

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Total 100 Questions | Updated On: May 21, 2026

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Question 1

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: Reminder

B : Override Transaction Date

C : Action: Automatic

D : Indefinite

E : Number Remaining

Answer: A,D

Question 2

How can the financial reports be kept separate when tracking finances for two wholly owned but distinct legal entities in one NetSuite account?

A : use separate fiscal calendars

B : use classes

C : use the multi-book accounting feature

D : use subsidiaries

Answer: D

Question 3

Which statement is true about expense allocations?

A : Allocation schedules can only be set to a frequency of once per month

B : Allocation JEs must zero out the source expense account

C : Allocation schedules can be assigned to any expense account

D : Allocation schedules are assigned to specific purchase transactions

Answer: C

Question 4

Which transaction, that records the expense and the cash spent in one step, can be used to record ad-hoc purchases such as petty cash

A : Purchase Order

B : Pay single vendor

C : Write check

D : Transfer funds

Answer: C

Question 5

Which statement is true about recording customer payments?

A : Accept Customer Payment offsets Accounts Receivable posting

B : Customer payments must match paid invoices 1:1

C : Electronic payments SuiteApp is required to record customer payments by credit card

D : Undeposited Funds is not necessary if all your customers pay by credit card.

Answer: B

Page: 1 / 20

Total 100 Questions | Updated On: May 21, 2026

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