Which statement is true regarding the cost cutoff date in Cost Accounting?

Correct Answer for the Question – Which statement is true regarding the cost cutoff date in Cost Accounting? is given below

Which statement is true regarding the cost cutoff date in Cost Accounting?

It only affects whether or not you can process a cost adjustment.

Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.

Transactions with a transaction date after the cost cutoff date will not be processed. These transactions will never be processed in any subsequent cost processor run.

Transactions with a transaction date before the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is before the transaction date.

Correct Answer

The Correct Answer for this Question is

Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.

Explanation

The Question – Which statement is true regarding the cost cutoff date in Cost Accounting? has been answered correctly and answers for the question is Transactions with a transaction date after the cost cutoff date will not be processed until the cost cutoff date is changed to a date that is later than the transaction date.

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