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Question 111

Which statement is true regarding Elimination Subsidiaries?

    Correct Answer: D

    Elimination Subsidiaries can only post Journal Entries. This is because elimination subsidiaries are used specifically to eliminate intercompany transactions when consolidating financial statements, and the only transactions that can be recorded in these subsidiaries are Journal Entries to remove these amounts from the consolidated financials.

Discussion
nickzxiOption: D

ref - https://docs.oracle.com/en/cloud/saas/netsuite/ns-online-help/section_N268759.html#Elimination-Subsidiaries