NetSuite ERP Consultant Exam

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Question 123

What statement is true about item prices on transactions for vendors who use multiple currencies?

If two item prices are specified for the transaction currency, the parent company's currency is used.

If no item price is specified for the transaction currency, the base currency item price is converted to the transaction currency based on the exchange rate.

Setting an absolute price for an item on a vendor record causes the price lists to display the absolute price for that vendor.

Setting up a purchase price for an item requires setting up a currency.

Correct Answer: B

If no item price is specified for the transaction currency, the base currency item price is converted to the transaction currency based on the exchange rate. This statement accurately describes the process that occurs when an item price in the transaction currency is not available: the system uses the base currency price and applies the relevant exchange rate to determine the price in the transaction currency.

Discussion

NetSuiteDragonOption: B

SA: 64424