IBM
C2020-605 · Question #48
An administrator is setting up an account structure for a Controller application. The administrator is going to reconcile the values in account 8999 (Profit and Loss for the Year) against those in…
The correct answer is C. Reconciliation will be performed for the same period and actuality. See the full explanation below for the reasoning.
Question
An administrator is setting up an account structure for a Controller application. The administrator is going to reconcile the values in account 8999 (Profit and Loss for the Year) against those in account 2099 (Net Profit). In the screen capture below, what does the + code indicate?
Exhibit
Options
- AThis year's closing balance will be copied during reconciliation
- BThe previous year's closing balance will be copied during reconciliation
- CReconciliation will be performed for the same period and actuality
- DReconciliation will be performed for the previous closing balance and actuality
How the community answered
(65 responses)- A5% (3)
- B9% (6)
- C71% (46)
- D15% (10)
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