vceguide.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.
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