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Which statement is true about inter-company journal entries?
A. Minimum of four lines
B. balance within each subsidiary, they need not balance between subsidiaries
C. used to log intercompany eliminations
D. maximum of six lines
Answer: B
NEW QUESTION # 18
What are two considerations for managing multiple fiscal calendars? Choose two
A. Periods are shared across fiscal calendars.
B. A subsidiary can have multiple fiscal calendars without multi-Book
C. A fiscal calendar can be used by multiple subsidiaries
D. Periods are created separately for each fiscal calendar
Answer: A,C
NEW QUESTION # 19
Which statement is true about billing a purchase order in NetSuite?
A. Only approved vendor bills post to the general ledger
B. All bills must be created from a PO
C. Vendor bills post to the general ledger, whether approved or not
D. Standalone bills containing inventory line items have no inventory account impact
Answer: A
NEW QUESTION # 20
Which statement is true about Local versus Global budgets?
A. Local budget can be entered in the currency of the parent or the child subsidiary.
B. It is recommended that either a Global or a Local budget should be used, rather than both types.
C. Budgets are automatically converted in reports to show in the currency context being viewed.
D. Global budgets can be entered in the currency of the parent or the child subsidiary.
Answer: C
NEW QUESTION # 21
Where can invoices that have already been generated be seen from the sales order screen?
A. Click the bill remaining button
B. Under the billing tab, on the billing schedule
C. Under related records
D. Next to each line item
Answer: C
NEW QUESTION # 22
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