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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Helene

1 months ago

I'd like to propose a new answer option: E) Interpretive dance. It's the most creative way to transfer liability, am I right?

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Nobuko

2 months ago

Hold up, is this a trick question? I'm going to go with A) sales order, because who doesn't love a good old-fashioned sales transaction?

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Keshia

14 days ago

I agree with you, let's go with C) deposit application to transfer the customer deposit liability.

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Marla

17 days ago

I'm not sure, but I think it might be D) credit memo, that seems like it could offset the invoice accounts receivable GL impact.

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Dean

18 days ago

I agree with you, C) deposit application makes the most sense in this scenario.

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Rebecka

29 days ago

I think it's C) deposit application, that's how we transfer the customer deposit liability.

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Naomi

1 months ago

I'm not sure, but I would go with B) journal entry, it seems like the most logical option.

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Loren

1 months ago

I think it's actually C) deposit application, that's how you transfer the customer deposit liability.

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Justine

2 months 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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Demetra

4 days ago

I agree with you, I also think it's B) journal entry. It's a straightforward way to transfer the liability.

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Herman

12 days ago

I'm not sure, but I would go with B) journal entry. It seems like a common way to make adjustments in accounting.

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Kiley

25 days ago

I think it's C) deposit application. It makes sense to transfer the customer deposit liability to offset the invoice accounts receivable.

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Lea

2 months 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

2 months ago

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

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Arlen

2 months ago

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

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Annmarie

1 months ago

Yes, journal entry is the standard way to offset the invoice accounts receivable GL impact.

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Evangelina

1 months ago

I agree, B) journal entry is the correct option for transferring customer deposit liability.

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Wenona

2 months 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

2 months ago

I think the answer is C) deposit application.

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