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Exam NetSuite ERP Consultant topic 1 question 91 discussion

Actual exam question from NetSuite's NetSuite ERP Consultant
Question #: 91
Topic #: 1
[All NetSuite ERP Consultant Questions]

What is the purpose of Consolidated Exchange Rates? (Choose two.)

  • A. Consolidated Exchange Rates are used to set up Balance Sheet Accounts.
  • B. Consolidated Exchange Rates ensure that currency amounts translate properly from child to parent subsidiaries.
  • C. Consolidated Exchange Rates are used for reporting purposes.
  • D. Consolidated Exchange Rates are used only when setting up transaction currencies.
  • E. Consolidated Exchange Rates are used for currency conversion.
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Suggested Answer: BC 🗳️
by JGKAY at Sept. 8, 2024, 7:15 a.m.

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JGKAY
2 months, 3 weeks ago
Selected Answer: BC
NS Answer 7734 exchange rates ensure that currency amounts translate properly from child to parent subsidiaries for consolidated reports.
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