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What Is The Implication Of The ‘future Period” Field In The Set Of Book Definition Form? |
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Answer» The value mentioned in the Future Period field represents the number of future enterable PERIODS that users can use to input journal entries (provided those future periods are opened). However, CONSIDERATION MUST be given to minimize the number of future enterable periods to PREVENT users from accidentally ENTERING journal entries in an incorrect period. The value mentioned in the Future Period field represents the number of future enterable periods that users can use to input journal entries (provided those future periods are opened). However, consideration must be given to minimize the number of future enterable periods to prevent users from accidentally entering journal entries in an incorrect period. |
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