You are employed as an administrator at ABC.com. ABC.com makes use of Microsoft Dynamics
AX 2012 in their production environment.
You have been instructed to close purchase order encumbrances in the fiscal year that is ending
and to re-encumber them in the new fiscal year.
You have selected the Process and do not carry forward budget option.
Which of the following describes closing steps for this process? (Choose all that apply.)

A.
The remaining encumbrances in the general ledger and outstanding budget reservations for
encumbrances are reversed.

B.
Closing entries are reversed.

C.
Year-end closing entries are generated in the general ledger.

D.
Encumbrances are re-established in the general ledger.

E.
Budget adjustments are created to reduce the budget in the fiscal year that is being closed.

F.
Budget reservations for encumbrances are created for the purchase orders that are being
processed.

Explanation: