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C_TFIN52_65 · Question #39

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 B. 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 and profit accounts
  • BProfit accounts
  • CBalance sheet accounts
  • DAccounts only managed on the basis of open items

How the community answered

(25 responses)
  • A
    12% (3)
  • B
    76% (19)
  • C
    4% (1)
  • D
    8% (2)

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