Microsoft
MB6-885 · Question #68
Budget control is enabled in Microsoft Dynamics AX 2012. The Process and Do Not Carry Forward Budget purchase order processing options are selected. You need to close the fiscal year and process…
The correct answer is A. Generate year-end closing entries in the general ledger. D. Reverse the remaining encumbrances in the general ledger and the outstanding budget reservations. See the full explanation below for the reasoning.
Question
Budget control is enabled in Microsoft Dynamics AX 2012. The Process and Do Not Carry Forward Budget purchase order processing options are selected. You need to close the fiscal year and process year end encumbrances. What should you do? (Each correct answer presents part of the solution. Choose two.)
Options
- AGenerate year-end closing entries in the general ledger.
- BRe-establish the encumbrances in the general ledger.
- CCreate budget reservations for purchase order encumbrances that are being processed.
- DReverse the remaining encumbrances in the general ledger and the outstanding budget reservations
How the community answered
(39 responses)- A85% (33)
- B10% (4)
- C5% (2)
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