Oracle
1Z0-517 · Question #201
ABC.com's, European operations accrue all the expenses items on receipt (perpetual accrual) without any exceptions. Which statement is true about the period close for payables and purchasing?
The correct answer is D. Payables and purchasing can close independently of each other. See the full explanation below for the reasoning.
Question
ABC.com's, European operations accrue all the expenses items on receipt (perpetual accrual) without any exceptions. Which statement is true about the period close for payables and purchasing?
Options
- APurchasing has to close before payables
- BPayables has to close before purchasing
- CClosing of Payables automatically closes purchasing
- DPayables and purchasing can close independently of each other
How the community answered
(39 responses)- A15% (6)
- B3% (1)
- C8% (3)
- D74% (29)
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