SUITEFOUNDATION ALL PAST PAPERS 2025/2026
QUESTIONS WITH ANSWERS RATED A+
✔✔What are the two types of item types that can not be set up as matrix item? -
✔✔Item Groups and Kits/Packages
✔✔What is max number of children that can make up a matrix item? - ✔✔2000
✔✔Matrix items separate tracking of item and _____ based on item option. -
✔✔Inventory
✔✔Kit/Packages have the ability to create items that are collected from other items.
Kit/Packages display as a ____ line item when selected on a transaction. The price for
Kits/Packages are set at the ____ level, and users can not modify the contents of the
kits/packages. - ✔✔Single, Kit
✔✔Item groups are sued for items that are often sold together. Item Groups are entered
in as a single unit when creating sales transactions, however they display as _____ line
items when selected and can be added and removed ad hoc. The price of the item
group inherits the price of the member items. - ✔✔Multiple
✔✔There are no discounts offered for ____ ____. - ✔✔Item Groups
✔✔Assembly items are made up of several items identified as a ____ item. - ✔✔Single
✔✔Assembly item can be ____ or _____. - ✔✔Numbered, Serialized
✔✔Non-Inventory Items are not kept in formal ______, and are costs related to doing
businesses. - ✔✔Stock
✔✔What are the three type of non-inventory items? Examples? - ✔✔1.) For Purchase -
not sold(supplies), 2.) For resale - bought and sold for a profit. Track both purchase and
sales price and track against expense & income accounts, 3.) For Sale - Items that are
sold but not purchased(Like extended warranty services)
✔✔Item types can not be changed once they are created except to convert non-
inventory to _______. - ✔✔Inventory
✔✔What type of items can be part of assemblies? (5) - ✔✔1.) Inventory items, 2.)
Assemblies, 3.) Non-inventory items, 4.) Other charges, 5.) Service items
✔✔The pricing for assemblies is ___ of it's members prices. - ✔✔Independent
,✔✔For Assemblies, in relation to GL accounts, you are able to identify a ______, ____,
and ______ account seperate from it's component's accounts. - ✔✔COGS, Income,
Asset
✔✔The inventory impact of building an assembly is that you would ____ the asset
accounts of member items, and _____ the asset account of the ____ item. -
✔✔Decrease, Increase, Assembly
✔✔What type of items can be a part of Kits/Packages? (4.) - ✔✔1.) Inventory
items(serial/lot), 2.) Assemblies, 3.) Kits/Packages, 4.) Service Items
✔✔For Kits/Packages, the item price is ____ of it's member's prices. - ✔✔Independent
✔✔For Kits/Packages, in relation to GL accounts, you are able to identify a separate
______ account. - ✔✔Income
✔✔The inventory impact of fulfilling a kit/package would be to _____ an asset account
of the member items. - ✔✔Decrease
✔✔What items can make up an item group? (4) - ✔✔1.) Inventory Items, 2.)
Assemblies, 3.) Kits, 4.) Service items
✔✔For Item groups, item price is _____ of it's members prices. - ✔✔Dependent
✔✔For item groups, in relation to the GL, account designation is specified at the ___
level. - ✔✔Member
✔✔For fulfilling an item group, you would ____ the asset account of the member items.
- ✔✔Decrease
✔✔NOTE: Item groups allow you to change members of the fly - on the ______ record
itself. - ✔✔Transaction
✔✔Once the Inventory feature is selected in Enable Features, NS automatically creates
a _______ account and an _____ account. - ✔✔COGS, Inventory
✔✔Matrix items are only available with _______ ____ _____ feature enabled. -
✔✔Advanced Management Function
✔✔Items/Transactions subtab in Accounting Preferences - accounts section can create
____ accounts, set ____ method, and if you use lot or serial numbering, you can
choose _____ costing for them. - ✔✔Default, Costing, Average
, ✔✔The Adjust Inventory Form lets you change the quantity and value of an inventory
item without entering a purchase order. This form is _____ of past inventory. Essentially
+10 would add 10. With this form you can use _____ _____ and _________ inventory. -
✔✔Inclusive, Lot Numbered, Serialized
✔✔The Adjust Inventory Worksheet completely ___ inventory quantity. This sheet is
_____ of previous Inventory. With this sheet, ____ _____ and _____ inventory is not
visible. This worksheet erases LIFO or FIFO costing methods, and creates _______
costing when it creates opening balances. - ✔✔Resets, Exclusive, Lot Numbered,
Serialized, Average
✔✔The Multi-Location Inventory Feature is a ____ setting that is difficult to turn off. -
✔✔Global
✔✔Item records can be shared among ______. - ✔✔Subsidiaries
✔✔Bins are sublocations within ______. Essentially are places in your warehouse
where you store inventory items. Bins can be ____ by items. Bins are not ______ to
each item. Bins, like locations, can only be owned by ____ subsidiary. Remember that
item costing occurs at the _____ level, and not the bin level. - ✔✔Locations, Shared,
Unique, One, Location
✔✔The Advanced Inventory Management Feature is used to automate ___-based
inventory replenishment. After you select a reorder point, replenishment and enter
inventory management setting on the item record. Account can anticipate demand and
adjust item ordering. - ✔✔Demand
✔✔Sales/Pricing subtab on the item record - you can not separate pricing by ____, only
by currency. - ✔✔Country
✔✔Sales/Pricing subtab on the item record, the ___ ____ is the starting point, every
other price is based on your base price. - ✔✔Base Price
✔✔On the item record - go to the Sales/Pricing subtab to enter in various pricing fields.
With the Multiple Currencies feature enabled, pricing is entered for each ________. The
rows and columns work together: Columns are used for ____ ____, the number of
pricing discounts or columns is an ______ _____. - ✔✔Currency, pricing discounts,
Accounting Preference
✔✔What is the maximum number of quantity based pricing schedules that can be set? -
✔✔50
QUESTIONS WITH ANSWERS RATED A+
✔✔What are the two types of item types that can not be set up as matrix item? -
✔✔Item Groups and Kits/Packages
✔✔What is max number of children that can make up a matrix item? - ✔✔2000
✔✔Matrix items separate tracking of item and _____ based on item option. -
✔✔Inventory
✔✔Kit/Packages have the ability to create items that are collected from other items.
Kit/Packages display as a ____ line item when selected on a transaction. The price for
Kits/Packages are set at the ____ level, and users can not modify the contents of the
kits/packages. - ✔✔Single, Kit
✔✔Item groups are sued for items that are often sold together. Item Groups are entered
in as a single unit when creating sales transactions, however they display as _____ line
items when selected and can be added and removed ad hoc. The price of the item
group inherits the price of the member items. - ✔✔Multiple
✔✔There are no discounts offered for ____ ____. - ✔✔Item Groups
✔✔Assembly items are made up of several items identified as a ____ item. - ✔✔Single
✔✔Assembly item can be ____ or _____. - ✔✔Numbered, Serialized
✔✔Non-Inventory Items are not kept in formal ______, and are costs related to doing
businesses. - ✔✔Stock
✔✔What are the three type of non-inventory items? Examples? - ✔✔1.) For Purchase -
not sold(supplies), 2.) For resale - bought and sold for a profit. Track both purchase and
sales price and track against expense & income accounts, 3.) For Sale - Items that are
sold but not purchased(Like extended warranty services)
✔✔Item types can not be changed once they are created except to convert non-
inventory to _______. - ✔✔Inventory
✔✔What type of items can be part of assemblies? (5) - ✔✔1.) Inventory items, 2.)
Assemblies, 3.) Non-inventory items, 4.) Other charges, 5.) Service items
✔✔The pricing for assemblies is ___ of it's members prices. - ✔✔Independent
,✔✔For Assemblies, in relation to GL accounts, you are able to identify a ______, ____,
and ______ account seperate from it's component's accounts. - ✔✔COGS, Income,
Asset
✔✔The inventory impact of building an assembly is that you would ____ the asset
accounts of member items, and _____ the asset account of the ____ item. -
✔✔Decrease, Increase, Assembly
✔✔What type of items can be a part of Kits/Packages? (4.) - ✔✔1.) Inventory
items(serial/lot), 2.) Assemblies, 3.) Kits/Packages, 4.) Service Items
✔✔For Kits/Packages, the item price is ____ of it's member's prices. - ✔✔Independent
✔✔For Kits/Packages, in relation to GL accounts, you are able to identify a separate
______ account. - ✔✔Income
✔✔The inventory impact of fulfilling a kit/package would be to _____ an asset account
of the member items. - ✔✔Decrease
✔✔What items can make up an item group? (4) - ✔✔1.) Inventory Items, 2.)
Assemblies, 3.) Kits, 4.) Service items
✔✔For Item groups, item price is _____ of it's members prices. - ✔✔Dependent
✔✔For item groups, in relation to the GL, account designation is specified at the ___
level. - ✔✔Member
✔✔For fulfilling an item group, you would ____ the asset account of the member items.
- ✔✔Decrease
✔✔NOTE: Item groups allow you to change members of the fly - on the ______ record
itself. - ✔✔Transaction
✔✔Once the Inventory feature is selected in Enable Features, NS automatically creates
a _______ account and an _____ account. - ✔✔COGS, Inventory
✔✔Matrix items are only available with _______ ____ _____ feature enabled. -
✔✔Advanced Management Function
✔✔Items/Transactions subtab in Accounting Preferences - accounts section can create
____ accounts, set ____ method, and if you use lot or serial numbering, you can
choose _____ costing for them. - ✔✔Default, Costing, Average
, ✔✔The Adjust Inventory Form lets you change the quantity and value of an inventory
item without entering a purchase order. This form is _____ of past inventory. Essentially
+10 would add 10. With this form you can use _____ _____ and _________ inventory. -
✔✔Inclusive, Lot Numbered, Serialized
✔✔The Adjust Inventory Worksheet completely ___ inventory quantity. This sheet is
_____ of previous Inventory. With this sheet, ____ _____ and _____ inventory is not
visible. This worksheet erases LIFO or FIFO costing methods, and creates _______
costing when it creates opening balances. - ✔✔Resets, Exclusive, Lot Numbered,
Serialized, Average
✔✔The Multi-Location Inventory Feature is a ____ setting that is difficult to turn off. -
✔✔Global
✔✔Item records can be shared among ______. - ✔✔Subsidiaries
✔✔Bins are sublocations within ______. Essentially are places in your warehouse
where you store inventory items. Bins can be ____ by items. Bins are not ______ to
each item. Bins, like locations, can only be owned by ____ subsidiary. Remember that
item costing occurs at the _____ level, and not the bin level. - ✔✔Locations, Shared,
Unique, One, Location
✔✔The Advanced Inventory Management Feature is used to automate ___-based
inventory replenishment. After you select a reorder point, replenishment and enter
inventory management setting on the item record. Account can anticipate demand and
adjust item ordering. - ✔✔Demand
✔✔Sales/Pricing subtab on the item record - you can not separate pricing by ____, only
by currency. - ✔✔Country
✔✔Sales/Pricing subtab on the item record, the ___ ____ is the starting point, every
other price is based on your base price. - ✔✔Base Price
✔✔On the item record - go to the Sales/Pricing subtab to enter in various pricing fields.
With the Multiple Currencies feature enabled, pricing is entered for each ________. The
rows and columns work together: Columns are used for ____ ____, the number of
pricing discounts or columns is an ______ _____. - ✔✔Currency, pricing discounts,
Accounting Preference
✔✔What is the maximum number of quantity based pricing schedules that can be set? -
✔✔50
