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NetSuite Exam ERP-Consultant Topic 8 Question 52 Discussion

Actual exam question for NetSuite's NetSuite ERP Consultant Exam exam
Question #: 52
Topic #: 8
[All NetSuite ERP Consultant Exam Questions]

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

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Suggested Answer: C, E

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

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Ernest
3 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
3 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
3 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
4 months ago
But what about the Cost of Goods Sold account? Does it decrease for the Assembly item?
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Ernest
4 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
4 months ago
I think the impact of building an assembly includes increasing Asset accounts of the components.
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Hailey
4 months ago
E) Increase Asset account of the Assembly Item
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Christiane
4 months ago
A) Increase Asset accounts of the Assembly item's components
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Chandra
4 months ago
Which accounting impacts result from building an assembly?
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