Microsoft
MB7-701 · Question #66
Why should you close a fiscal year?
The correct answer is B. To ensure that balances are displayed only for the open year. See the full explanation below for the reasoning.
Question
Why should you close a fiscal year?
Options
- ATo use P1 through P12 when printing reports
- BTo ensure that balances are displayed only for the open year
- CTo run the batch jobs Post Inventory Cost to G/L and Adjust Exchange Rate
- DTo post in a new year
How the community answered
(51 responses)- A4% (2)
- B75% (38)
- C14% (7)
- D8% (4)
Community Discussion
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