NetSuite Exam NetSuite-Financial-User Topic 3 Question 26 Discussion

Actual exam question for NetSuite's NetSuite-Financial-User exam

Question #: 26
Topic #: 3

[All NetSuite-Financial-User Questions]

which transaction transfers the customer deposit liability to offset the invoice accounts receivable GL impact?

Asales order

Bjournal entry

Cdeposit application

Dcredit memo

Show Suggested Answer

Suggested Answer: B

by Sherell at Jan 13, 2025, 06:13 PM

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Justine

7 days ago

I'm going with D) credit memo. It's the only option that mentions 'credit', so it must be the right answer!

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Lea

8 days ago

I'm not sure, but I think it could also be B) journal entry because that involves recording financial transactions.

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Ocie

10 days ago

I agree with Ethan, deposit application makes sense because it transfers the customer deposit liability.

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Arlen

10 days ago

Definitely B) journal entry. That's the way to go for any accounting transaction adjustments.

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Wenona

13 days ago

I think the correct answer is C) deposit application. This transaction would transfer the customer deposit liability to offset the invoice accounts receivable GL impact.

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Ethan

20 days ago

I think the answer is C) deposit application.

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