Multiple choice technology packaged enterprise solutions

Automatic Intercompany Eliminations Program eliminates _____________

  1. A. Intercompany balance

  2. B. Average daily balance

  3. C. Formula based balance

  4. D. None of the above

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Intercompany balance is the correct answer because the Automatic Intercompany Eliminations Program specifically eliminates transactions and balances between related entities within a corporate group to avoid double-counting. Average daily balance is a banking concept. Formula-based balance is not related to intercompany eliminations.