What is the proper NCI recording JE on the BS and P&L? How do you post NCI in NetSuite? Which counter-party subsidiary do you use for that?

We have NetSuite One World, and our company needs to start recording NCI (Non-Controlling Interest or Minority Interest).  Can anyone share some feedback as an example JE?   We have done a lot of research but want to make sure we start off reporting it accurately.  Can anyone share your experience with NCI?

Rookie Asked on March 30, 2023 in Accounting.
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