NetSuite Exam NetSuite-Financial-User Topic 8 Question 20 Discussion

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

Question #: 20
Topic #: 8

[All NetSuite-Financial-User Questions]

What is a characteristic of Intercompany JEs?

AAn elimination subsidiary must be one of the included subsidiaries

BThey require a minimum of 2 lines

CIf they are unbalanced between subsidiaries, they must balance within each subsidiary

DThe exchange rate can be set manually

Show Suggested Answer

Suggested Answer: C

by Onita at Sep 17, 2024, 07:13 PM

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Micah

2 months ago

I'm going to have to go with C. Keeping things balanced within each sub is key, even if the overall entry is a little lopsided. Accounting, keeping things balanced since... well, forever, really.

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Lai

11 days ago

I believe they require a minimum of 2 lines for Intercompany JEs.

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Hillary

1 months ago

I'm not sure, but I think an elimination subsidiary must be one of the included subsidiaries.

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Dean

1 months ago

I think the exchange rate can be set manually, so I'll go with option D.

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Lemuel

1 months ago

I agree, it's important to keep things balanced within each subsidiary.

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Justine

2 months ago

A must be the answer. An elimination subsidiary has to be one of the included subs. It's like a rule of the universe or something.

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Iluminada

1 months ago

D) The exchange rate can be set manually

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Freida

1 months ago

C) If they are unbalanced between subsidiaries, they must balance within each subsidiary

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Corrie

1 months ago

A) An elimination subsidiary must be one of the included subsidiaries

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Sabra

2 months ago

I'm going with B. Intercompany JEs definitely require a minimum of 2 lines. Who would have thought accounting could be so math-y?

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Darci

1 months ago

Yeah, it's definitely a balancing act when it comes to Intercompany JEs.

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Goldie

1 months ago

I think C is also important, the balances need to match within each subsidiary.

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Kayleigh

2 months ago

I agree, B is the correct answer. It's all about balancing those entries.

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Izetta

2 months ago

Hmm, that makes sense too. Let's review the question again.

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Coral

2 months ago

I disagree, I believe the answer is C) If they are unbalanced between subsidiaries, they must balance within each subsidiary.

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Izetta

2 months ago

I think the answer is A) An elimination subsidiary must be one of the included subsidiaries.

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Virgilio

2 months ago

D sounds good. Being able to set the exchange rate manually is a pretty useful feature for Intercompany JEs.

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Gilberto

2 months ago

Option C seems like the right answer to me. Intercompany JEs need to balance within each subsidiary, even if they're unbalanced between them.

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Chanel

1 months ago

Yes, balancing within each subsidiary is crucial for accurate financial reporting.

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Alyssa

1 months ago

I think option C is the key to ensuring the integrity of the intercompany transactions.

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Daron

1 months ago

That makes sense, it's important for the transactions to be accurate within each subsidiary.

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Novella

1 months ago

I agree, option C is correct. Each subsidiary must balance on its own.

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Pamela

1 months ago

I always make sure to set the exchange rate manually in Intercompany JEs. It's important for accuracy.

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Sharita

2 months ago

I think option A is also important. The elimination subsidiary must be included in the Intercompany JEs.

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Rosalia

2 months ago

I agree, option C is correct. Each subsidiary must balance on its own.

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