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MB3-701 · Question #67

The Purchasing Manager wants to analyze purchases using a transaction history report in General Ledger. When Transactions are moved to history in General Ledger?

The correct answer is D. When the year-end closing process is run in General Ledger. See the full explanation below for the reasoning.

Question

The Purchasing Manager wants to analyze purchases using a transaction history report in General Ledger. When Transactions are moved to history in General Ledger?

Options

  • AWhen transactions are applied
  • BWhen transactions are posted in General Ledger
  • CWhen fiscal periods are closed at the end of each month
  • DWhen the year-end closing process is run in General Ledger

How the community answered

(32 responses)
  • A
    6% (2)
  • B
    3% (1)
  • C
    13% (4)
  • D
    78% (25)

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