NetSuite Exam NetSuite-Financial-User Topic 4 Question 14 Discussion

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

Question #: 14
Topic #: 4

[All NetSuite-Financial-User Questions]

Which statement is true about inter-company journal entries?

AMinimum of four lines

Bused to log intercompany eliminations

Cbalance within each subsidiary, they need not balance between subsidiaries

Dmaximum of six lines

Show Suggested Answer

Suggested Answer: A

by Bambi at Jul 18, 2024, 02:07 AM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

16 days ago

But inter-company journal entries are used to eliminate transactions between subsidiaries, so B) makes more sense.

upvoted 0 times

...

24 days ago

I disagree, I believe the correct answer is A) Minimum of four lines.

upvoted 0 times

...

25 days ago

I think the answer is B) used to log intercompany eliminations.

upvoted 0 times

...