I have been reading this blog on inventory closing http://dynamicssoftware.blogspot.com/2009/12/inventory-closing-in-ax2009.html for DAX 2009 and according to step #4, a general ledger journal is created and posted for the adjustment.
I tried a simple closing from my end. There were settlements on the inventory transactions but I was looking for a journal posted on General Ledger > Journal > General Journal but none is created. I also wonder what this postings in this general journal will contain.
Hope to get enlightenment from you guys on this matter.