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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?

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Suggested Answer: C

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

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Micah
3 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
2 months ago
I believe they require a minimum of 2 lines for Intercompany JEs.
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Hillary
3 months ago
I'm not sure, but I think an elimination subsidiary must be one of the included subsidiaries.
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Dean
3 months ago
I think the exchange rate can be set manually, so I'll go with option D.
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Lemuel
3 months ago
I agree, it's important to keep things balanced within each subsidiary.
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Justine
3 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
2 months ago
D) The exchange rate can be set manually
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Freida
3 months ago
C) If they are unbalanced between subsidiaries, they must balance within each subsidiary
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Corrie
3 months ago
A) An elimination subsidiary must be one of the included subsidiaries
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Sabra
4 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
3 months ago
Yeah, it's definitely a balancing act when it comes to Intercompany JEs.
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Goldie
3 months ago
I think C is also important, the balances need to match within each subsidiary.
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Kayleigh
3 months ago
I agree, B is the correct answer. It's all about balancing those entries.
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Izetta
4 months ago
Hmm, that makes sense too. Let's review the question again.
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Coral
4 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
4 months ago
I think the answer is A) An elimination subsidiary must be one of the included subsidiaries.
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Virgilio
4 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
4 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
3 months ago
Yes, balancing within each subsidiary is crucial for accurate financial reporting.
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Alyssa
3 months ago
I think option C is the key to ensuring the integrity of the intercompany transactions.
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Daron
3 months ago
That makes sense, it's important for the transactions to be accurate within each subsidiary.
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Novella
3 months ago
I agree, option C is correct. Each subsidiary must balance on its own.
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Pamela
3 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
3 months ago
I think option A is also important. The elimination subsidiary must be included in the Intercompany JEs.
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Rosalia
3 months ago
I agree, option C is correct. Each subsidiary must balance on its own.
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