Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

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?

Show Suggested Answer Hide Answer
Suggested Answer: A

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

Limited Time Offer

25%

Off

Get Premium NetSuite-Financial-User Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Natalie
20 days ago
This question is making my head spin. I need a strong cup of coffee to get through this exam.
upvoted 0 times
...
Lawanda
22 days ago
Option A sounds like a good rule of thumb, but I guess accountants love to break the rules. Can't be too rigid in this field!
upvoted 0 times
...
Barrett
25 days ago
Wait, there's a maximum number of lines? I thought it was unlimited. This exam is tricky!
upvoted 0 times
Elmer
2 days ago
B) used to log intercompany eliminations
upvoted 0 times
...
Daron
20 days ago
A) Minimum of four lines
upvoted 0 times
...
...
Kiera
1 months ago
I thought inter-company entries had to balance between subsidiaries. This is news to me!
upvoted 0 times
Peter
21 days ago
C) balance within each subsidiary, they need not balance between subsidiaries
upvoted 0 times
...
Alline
23 days ago
B) used to log intercompany eliminations
upvoted 0 times
...
Portia
27 days ago
A) Minimum of four lines
upvoted 0 times
...
...
Jesse
1 months ago
Option B is the correct answer. Inter-company journal entries are used to log intercompany eliminations during the consolidation process.
upvoted 0 times
...
Cherelle
2 months ago
But inter-company journal entries are used to eliminate transactions between subsidiaries, so B) makes more sense.
upvoted 0 times
...
Stephaine
2 months ago
I disagree, I believe the correct answer is A) Minimum of four lines.
upvoted 0 times
...
Cherelle
2 months ago
I think the answer is B) used to log intercompany eliminations.
upvoted 0 times
...

Save Cancel