When a ledger is in a close-in-progress state, what is its capability regarding items?

When a ledger is in a close-in-progress state, it is typically designed to restrict certain financial activities to ensure the integrity and accuracy of the financial data during the closing process. The correct assertion is that it allows everything except external feeds.

This limitation is crucial because external feeds may introduce new transactions or adjustments that could affect the accuracy of the ledger being closed. By disallowing external feeds, the system ensures that no further external changes can skew the final reconciliation of accounts, which is paramount for accurate financial reporting. Most systems in this state will still permit internal transactions or adjustments that reflect ongoing operations within the established protocols, but they safeguard against external disruptions that could complicate the closure process. Therefore, the capability of allowing all internal activities yet disallowing external feeds fits the operational needs during the close-in-progress state effectively.