IBM
C2020-605 · Question #16
Which of the following best describes group journals in contrast to company journals?
The correct answer is A. Group journals are not included in intercompany eliminations and values are stored in a group. See the full explanation below for the reasoning.
Question
Which of the following best describes group journals in contrast to company journals?
Options
- AGroup journals are not included in intercompany eliminations and values are stored in a group
- BGroup journals are included in acquisition calculations and data is stored on each company
- CGroup journals handle all group transactions that are eliminated automatically; data is stored in a
- DGroup journals handle only group transactions; data is stored on each company concerned.
How the community answered
(57 responses)- A79% (45)
- B4% (2)
- C7% (4)
- D11% (6)
Community Discussion
No community discussion yet for this question.