Microsoft
MB6-885 · Question #48
You are setting up encumbrance year-end processing options. Budget control is not enabled. The purchase order processing option is set to Do not carry forward the budget. You need to perform the…
The correct answer is C. Reverse the closing entries and re-establish the encumbrances. See the full explanation below for the reasoning.
Question
You are setting up encumbrance year-end processing options. Budget control is not enabled. The purchase order processing option is set to Do not carry forward the budget. You need to perform the opening steps for purchase order processing for a new fiscal year. What should you do?
Options
- AReverse the remaining encumbrances and generate year-end closing entries.
- BCreate budget reservations for purchase order encumbrances that are being processed.
- CReverse the closing entries and re-establish the encumbrances.
- DReverse the closing entries and create carry-forward budget adjustments to re-establish the budget
How the community answered
(39 responses)- A21% (8)
- B8% (3)
- C69% (27)
- D3% (1)
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