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C_TFIN52_64 · Question #1

At the end of a fiscal year the system carries forward the balance of certain accounts to a special retained earnings account and sets them to zero. Which accounts are treated in such a manner?

The correct answer is D. Profit accounts. See the full explanation below for the reasoning.

Question

At the end of a fiscal year the system carries forward the balance of certain accounts to a special retained earnings account and sets them to zero. Which accounts are treated in such a manner?

Options

  • ABalance sheet accounts
  • BBalance sheet and profit accounts
  • CAccounts only managed on the basis of open items
  • DProfit accounts

How the community answered

(29 responses)
  • A
    10% (3)
  • B
    3% (1)
  • C
    3% (1)
  • D
    83% (24)

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