NETSUITE-FINANCIAL-USER practice question 7 of 15

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?

Full set: 86 questions
Answer options
A: Action: Reminder Correct answer
B: Override Transaction Date
C: Action: Automatic
D: Indefinite Correct answer
E: Number Remaining
Correct Answer:
A. Action: Reminder; D. Indefinite
Explanation

Because the bill amount changes, the memorized transaction must prompt the user each month instead of posting automatically; therefore set Action = Reminder. Since the payment should recur until the user stops it, set the recurrence to Indefinite rather than a fixed “Number Remaining.”

Why Incorrect

B. Override Transaction Date – lets NetSuite replace the original date with the execution date; not required to handle variable amounts or open-ended recurrence.
C. Action: Automatic – posts without user review, unsuitable when the amount varies monthly.
E. Number Remaining – forces a fixed count of future postings; contradicts the “continues until canceled” requirement.

References

1. Oracle NetSuite Help Center

“Creating Memorized Transactions – Field Descriptions

” sub-section “Action.” Notes that “Reminder” is used when amounts or other details vary (Help Center Article ID 10155

para. 4).

2. Oracle NetSuite Help Center

“Memorized Transaction Schedule

” section “Recurrence Options – Indefinite vs. Number Remaining” (Article ID 8642

para. 2-3).

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