Consider the following sentences:
1) A fiscal year has to be defined by means of separating business transactions into different periods.
2) Special periods are used for postings, which are related to the process of the year-end closing.
In total, 16 special periods can be used
3) The Fiscal Year variant only defines the amount of periods and their start and finish dates.
4) The Fiscal Year is defined as a variant, which is assigned to the chart of accounts.
Which of them are true?
A. 1 and 2)
B. 1 and 3)
C. 2 and 3)
D. 2 and 4)
E. 3 and 4)
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