ABC.com’s global chart of accounts structure includes the Company (balancing) segment
and Intercompany segment (with Intercompany segment qualifier) in order to properly
identify the intercompany trading party. Which statement is NOT true about using an
Intercompany segment in the chart of accounts structure? (Choose the statement that is
NOT true.)
A.
The Company and Intercompany segments can share the same value set.
B.
GL automatically populates the intercompany segment value in the Balancing segment to
balance an intercompany journal.
C.
You can enable security for the Company segment and disable security for Intercompany
segment.
D.
If a journal entry is balanced within the same company value in the balancing segment,
GL automatically uses the value in the Intercompany segment to create additional journal
lines for the trading company.
E.
In a many-to-many intercompany journal, the use of a clearing company as the trading
partner is possible.