Free Oracle N16599GC10 Exam Questions

Become Oracle Certified with updated N16599GC10 exam questions and correct answers

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Total 100 Questions | Updated On: Oct 24, 2026

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Question 1

Which report shows the total value of current assets?

A : Balance Sheet

B : General Ledger

C : Profit and Loss / Income Statement

D : Cash Flow Statement

Answer: A

Question 2

How does NetSuite set up a company record when you buy from and sell to the same company?

A : NetSuite uses a single Company record to track this combined relationship.

B : NetSuite uses unrelated Customer and Vendor records to track these

C : Either the Vendor or the Customer can be set as "Parent of" the other record to link them

D : NetSuite tracks this using the "Other Relationships" function to link the Customer and Vendor records

Answer: A

Question 3

Which two statements are true about budgets in NetSuite? (Choose two.)

A : Budgets can use statistical accounts

B : Budgets set to "Enforce" prevent overspending.

C : Global budget amounts may fluctuate when viewed in root parent currency.

D : Local budget amounts may fluctuate when consolidated to parent subsidiary view.

Answer: A,D

Question 4

What two transactions cause a Bill Variance Journal entry to be posted? (Choose two.)

A : Purchase Requisition

B : Item Receipt

C : Bill Payment

D : Vendor Bill

E : Purchase Order

Answer: B,D

Question 5

Which two statements are true about setting up intercompany expense allocations? (Choose two.)

A : The source may be multiple subsidiaries

B : The source must be one subsidiary

C : The target can only be one subsidiary.

D : The target may be multiple subsidiaries.

Answer: B,D

Page: 1 / 20

Total 100 Questions | Updated On: Oct 24, 2026

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