In an ERP system,the balance sheet and P&L statements are: ____.
A) Generated yearly
B) Not available
C) Reports
D) Modules

Question

Quizplus · Accepted Answer

The balance sheet and P&L statements are reports in an ERP system, providing financial information about a company's assets, liabilities, and profits/losses. They are typically generated on a regular basis, such as monthly or quarterly, rather than just yearly. While ERP systems may have modules related to financial management, the balance sheet and P&L statements are specifically generated as reports within the system. Therefore, option C is the correct choice.

In an ERP System,the Balance Sheet and P&L Statements Are