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Question 1: Top Toys defined their sub-periods as months. How often should they run the period-end
closing utility?
Please choose the correct answer.
Response:
A. They are required to run the period-end closing utility both at the end of each month and at the
end of
the fiscal year.
B. Depending on their financial processes, they can run the period-end closing utility at the end of
each
month and also at the end of each quarter.
C. Depending on their financial processes, they should run the period-end closing utility at the end of
the
fiscal year and also can run it at the end of each month.
D. Depending on their financial processes, they can run the period-end closing utility at the end of
each
month and also at the end of each quarter.
Correct Answer: C
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