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Exam NetSuite ERP Consultant topic 1 question 71 discussion

Actual exam question from NetSuite's NetSuite ERP Consultant
Question #: 71
Topic #: 1
[All NetSuite ERP Consultant Questions]

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

  • A. Increase Asset accounts of the Assembly item’s components
  • B. Decrease Asset accounts of the Assembly item’s components
  • C. Decrease Cost of Goods Sold account of the Assembly Item
  • D. Increase Cost of Goods Sold accounts of the Assembly item’s components
  • E. Increase Asset account of the Assembly Item
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Suggested Answer: CE 🗳️
by AlisaSok at May 11, 2023, 9:50 a.m.

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AlisaSok
Highly Voted 8 months, 3 weeks ago
Correct answers B + E according to SA 30578
upvoted 5 times
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627e665
Most Recent 2 weeks, 3 days ago
Selected Answer: BE
The only time impacting COGS is, when the company sells the assembly item to a customer. So, when components are built to an assembly item, Dr. Assembly Item Cr. Components
upvoted 1 times
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6251d77
3 months, 2 weeks ago
Selected Answer: BE
Correct answer is B&E components are credited (decreased) and Assembly item is Debited (increased).
upvoted 1 times
6251d77
3 months, 2 weeks ago
No impact to COGS with an assembly build.
upvoted 1 times
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AlisaSok
8 months, 3 weeks ago
Correct answers are B +E
upvoted 3 times
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Community vote distribution
A (35%)
C (25%)
B (20%)
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