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Exam SuiteFoundation Certification Exam topic 1 question 23 discussion

Actual exam question from NetSuite's SuiteFoundation Certification Exam
Question #: 23
Topic #: 1
[All SuiteFoundation Certification Exam Questions]

What Subsidiary type is used to eliminate revenue and expenses at the consolidated level, removing the effect of transactions between subsidiaries?

  • A. Elimination Subsidiary
  • B. Consolidation Subsidiary
  • C. Parent Subsidiary
  • D. Child Subsidiary
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Suggested Answer: A 🗳️

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dtlim
6 months, 4 weeks ago
Selected Answer: A
https://docs.oracle.com/en/cloud/saas/netsuite/ns-online-help/section_N268759.html#Elimination-Subsidiaries
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Yetta
1 year ago
Selected Answer: A
answer A
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soccerdanny13
1 year, 6 months ago
When subsidiaries transact, you may have to eliminate the revenue and expenses at the consolidated level to remove the effect of transactions between subsidiaries. https://suiteanswers.custhelp.com/app/answers/detail/a_id/9867/loc/en_US
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