What would be the likely cause of these remaining balances?

Correct Answer for the Question – What would be the likely cause of these remaining balances? is given below

Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have a remaining balance. What would be the likely cause of these remaining balances?

Natural accounts were defined as parent values.

Natural accounts were defined to not allow posting.

Natural accounts were defined with an incorrect account type.

Natural accounts were defined to store both statistical and monetary values.

Correct Answer

The Correct Answer for this Question is

Natural accounts were defined with an incorrect account type.

Explanation

The Question – What would be the likely cause of these remaining balances? has been answered correctly and answers for the question is Natural accounts were defined with an incorrect account type.

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