NetSuite Exam ERP-Consultant Topic 4 Question 55 Discussion

Actual exam question for NetSuite's ERP-Consultant exam

Question #: 55
Topic #: 4

[All ERP-Consultant Questions]

Which setup option can be used as a default Intercompany Journal Entry Auto Balance Account?

AAn account that can be used in multiple currencies

BA Summary account

CAn account restricted to a currency

DAn account restricted to the Parent Subsidiary

Show Suggested Answer

Suggested Answer: B

by Melodie at May 23, 2024, 12:21 PM

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Galen

29 days ago

You know, the real question here is why they don't just call it the 'Intercompany Shuffle' account. That's way more fun!

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Albert

6 days ago

I believe it can be used in multiple currencies.

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Billye

9 days ago

I think the default option is a Summary account.

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Rozella

10 days ago

I agree, 'Intercompany Shuffle' would definitely make it more interesting!

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Tiera

1 months ago

Option C is the way to go, my friend. An account restricted to a currency is the best way to ensure proper balancing for intercompany transactions.

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Tammara

1 months ago

Haha, I'm going to go with option A just to be different. An account that can be used in multiple currencies sounds like it would be the most flexible choice.

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Cathrine

1 months ago

I'm not sure, but I think option D might be the right answer. An account restricted to the Parent Subsidiary could work well for this use case.

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Paola

1 months ago

Option B seems like the obvious choice here. A Summary account can handle the multi-currency aspect and balance the intercompany entries automatically.

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