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

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

Question #: 20
Topic #: 8

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

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

2 days 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?

upvoted 0 times

...

5 days ago

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

upvoted 0 times

...

7 days ago

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

upvoted 0 times

...

11 days ago

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

upvoted 0 times

...

11 days ago

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

upvoted 0 times

...

12 days 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.

upvoted 0 times

...