Which transactions are listed in the customer statements?

Get ready for the NetSuite Financial Use Exam. Prepare with flashcards and multiple-choice questions, each with hints and explanations. Ace your exam!

Customer statements in NetSuite provide a comprehensive view of the financial interactions between a business and its customers. They showcase all relevant transactions related to customer accounts, which typically include invoices that detail purchases made, credit memos that represent returns or adjustments to invoices, and payments received that indicate amounts paid by the customer. This inclusivity allows customers to see a complete picture of their account activity over a specified period, promoting transparency and facilitating management of outstanding balances.

In contrast, other options do not portray the full scope of activity that customer statements are meant to capture. For instance, only listing credit memos ignores payments and invoices, which are essential for understanding the overall account status. Focusing solely on payments received would also omit critical details about what purchases were made and how much is owed. Salary and commission payments, being unrelated to customer transactions, do not belong in customer statements.

Thus, the correct answer reflects the design of customer statements to provide a holistic account overview, which is essential for effective financial management and customer relations.

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