Which statement explains why an inactive classification still appears in Financial Reports?
Which statement explains why an inactive classification still appears in Financial Reports?
Inactive classifications still appear to provide historical reporting and to avoid unbalanced totals. This ensures that financial reports remain accurate and consistent over time, reflecting all activities that contributed to the company's financial position, even if certain classifications are no longer active.
Believe the correct answer is C Inactive categories (Departments / Classes /Locations, Subsidiaries) are available in reports to provide historical reporting and to avoid unbalanced totals https://www.netsuiterp.com/2019/02/inactive-categories-department-class.html
Answer ID: 37130 Applies To: Product: NetSuite 2023.1 Scenario When viewing financial reports such as a Trial Balance, inactive account are still visible. Solution This is intended so that the total debits and credits of the report will balance. If the account is set to inactive and it does not appear in the report, its matching debit or credits will cause a discrepancy between the balances. No action is needed.
Inactive classifications are included to avoid unbalanced totals, but can be filtered out using the report builder. Also there is no tick box: Include Inactive classifications in the accounting preferences. Question is looking at why the inactive classification still appears.
Correct answer is C, suite article ref. 28907 To provide historical reporting and to avoid unbalanced totals, inactive categories (Departments / Classes /Locations, Subsidiaries) are still available in reports.
C is correct
https://www.netsuiterp.com/2019/02/inactive-categories-department-class.html
correct answer is C https://www.netsuiterp.com/2019/02/inactive-categories-department-class.html
I think the answer is D