Identify the correct sequence of steps in the purchase order period close business flow.
A.
1. Review the Uninvoiced Receipts report. > 2. Process period-end accruals. > 3.
Close the purchasing period. > 4. Process remaining inventory transactions and close the
inventory accounting period. > 5. Run the Accrual Rebuild Reconciliation report. > 6. Write off
accrued transactions as necessary. > 7. Create a manual journal entry for write-offs.
B.
1. Review the Uninvoiced Receipts report. > 2. Process period-end accruals. > 3.
Close the purchasing period. > 4. Run the Accrual Rebuild Reconciliation report. > 5. Write off
accrued transactions as necessary. > 6. Create a manual journal entry for write-offs. > 7. Process
remaining inventory transactions and close the inventory accounting period.
C.
1. Process remaining inventory transactions and close the inventory accounting period. > 2.
Run the Accrual Rebuild Reconciliation report. > 3. Write-off accrued transactions as necessary. >
4. Create a manual journal entry for writeoffs. > 5. Review the Uninvoiced Receipts report. > 6.
Process period-end accruals. > 7. Close the purchasing period.
D.
1. Process remaining inventory transactions and close the inventory accounting period. > 2.
Review the Uninvoiced Receipts report. > 3. Process period-end accruals. > 4. Close the
purchasing period. > 5. Run the Accrual Rebuild Reconciliation report. > 6. Write-off accrued
transactions as necessary. > 7. Create a manual journal entry for write-offs.
Explanation: