NetSuite Exam ERP-Consultant Topic 10 Question 56 Discussion

Actual exam question for NetSuite's ERP-Consultant exam

Question #: 56
Topic #: 10

[All ERP-Consultant Questions]

Which accounting impacts result from building an assembly? (Choose two.)

AIncrease Asset accounts of the Assembly item's components

BDecrease Asset accounts of the Assembly item's components

CDecrease Cost of Goods Sold account of the Assembly Item

DIncrease Cost of Goods Sold accounts of the Assembly item's components

EIncrease Asset account of the Assembly Item

Show Suggested Answer

Suggested Answer: C, E

by Tamar at May 29, 2024, 10:10 PM

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Nikita

6 months ago

A and E, for sure. I'm not an accountant, but even I know that assembling something creates an asset.

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Pauline

6 months ago

This is a no-brainer. Obviously, the right answers are A and E. Anyone who says otherwise is just trying to be funny.

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Herschel

5 months ago

I agree, those are the correct answers.

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Alease

5 months ago

E) Increase Asset account of the Assembly Item

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Elza

6 months ago

A) Increase Asset accounts of the Assembly item's components

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Paris

6 months ago

Hmm, this seems tricky. I'll go with A and E. Gotta love those asset accounts!

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Gerry

5 months ago

Royce: Looks like we both made the right choice then!

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Royce

5 months ago

I agree, I'll go with E as well, to increase the Asset account of the Assembly Item.

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Kristin

6 months ago

I think A is correct, it increases Asset accounts of the Assembly item's components.

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Carli

6 months ago

I think B and C are the correct answers. The components' asset accounts decrease, and the COGS of the assembly item decreases.

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Lashunda

6 months ago

C) Decrease Cost of Goods Sold account of the Assembly Item

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Dorothy

6 months ago

B) Decrease Asset accounts of the Assembly item's components

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Sylvia

6 months ago

A) Increase Asset accounts of the Assembly item's components

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Skye

6 months ago

I agree with Otis, increasing Asset accounts makes sense because we are adding value to the assembly.

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Otis

6 months ago

I think the accounting impacts from building an assembly include increasing Asset accounts of the components.

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Delisa

6 months ago

A and E, since the assembly item itself is an asset and its components' costs are added to it.

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Marylou

5 months ago

E) Increase Asset account of the Assembly Item

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Georgeanna

5 months ago

A) Increase Asset accounts of the Assembly item's components

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Catina

5 months ago

E) Increase Asset account of the Assembly Item

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Nicholle

6 months ago

A) Increase Asset accounts of the Assembly item's components

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Jerilyn

6 months ago

E) Increase Asset account of the Assembly Item

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Royal

6 months ago

A) Increase Asset accounts of the Assembly item's components

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