NetSuite Exam ERP-Consultant Topic 8 Question 52 Discussion

Actual exam question for NetSuite's ERP-Consultant exam

Question #: 52
Topic #: 8

[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 Stefania at Apr 25, 2024, 05:14 PM

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Ernest

6 months ago

That's a good point, David. It would make sense for the Cost of Goods Sold accounts of the components to increase when assembling the final product.

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Theron

7 months ago

I think when we build an assembly, the Cost of Goods Sold account of the item's components increase, not decrease.

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Lai

7 months ago

I'm not sure about that. Maybe the Cost of Goods Sold account of the Assembly item decreases.

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Vernell

7 months ago

But what about the Cost of Goods Sold account? Does it decrease for the Assembly item?

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Ernest

7 months ago

Yes, I agree with that. It makes sense to increase the Asset accounts of the components used in the assembly.

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Lai

7 months ago

I think the impact of building an assembly includes increasing Asset accounts of the components.

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Hailey

8 months ago

E) Increase Asset account of the Assembly Item

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Christiane

8 months ago

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

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Chandra

8 months ago

Which accounting impacts result from building an assembly?

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