Before Closing the Books for a Fiscal Period, You Should

question 17

Multiple Choice

Before closing the books for a fiscal period, you should print -

• A) reports that provide sufficient detail to create new company files if necessary
• B) all the reports available through Sage 50 Accounting
• C) all the reports in the financials section of the reports menu
• D) all of the management reports for the business

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Definitions:

Closed Question

A type of inquiry that limits responses to a simple "yes" or "no" or another very brief and predefined answer.

Hypothetical Open Question

An inquiry that poses a speculative scenario, allowing for expansive and imaginative responses.

Closing Phase

The final stage of a project or process in which objectives are confirmed as met and the project is formally concluded.

Question-Response Phase

A part of a conversation or interaction where questions are asked and answers are provided, facilitating the exchange of information.