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4

An account with an opening balence can be deleted in Fact

A. True

B. False

Correct Answer :

B. False


Related Questions

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4

In Fact the user can specify the hard disk wher the company data will be stored .

A. True

B. False

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4

To create a group while creating P/L Layout we have to press

A. Ctrl+A

B. Alt+A

C. Shift+Ctrl+A

D. Alt+Shift+A

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4

We can maintain multiple currency in FACT

A. True

B. False

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4

Fact has been developed by

A. Vedika Solutions Pvt. Ltd.

B. Vedika Software Pvt. Ltd.

C. Vedika Soff'ware Pvt. Ltd.

D. Vedika

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4

The GL Account which must be created in Fact are known as

A. Control Account

B. GL Account

C. System Control Account

D. None of the above

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4

It is not possibe to create online ledger in Fact

A. True

B. False

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4

In Document Class the sum of the numbers in the three sagement may be less than 6

A. True

B. False

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4

In Fact the accounting period can be specified for a maximum period of

A. 1 year

B. 15 Months

C. 2 Years

D. None of the above

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4

It is optional to enter cost centre in inventory issue

A. True

B. False

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4

We can assign password to the user 'Manager' from

A. Account--> Prefarence--> Password.

B. Account--> Prefarence--> Change Password.

C. Account--> System Control--> Password.

D. None of the above

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4

When FACT is installed, the group created is

A. Manager

B. Default

C. Other

D. None of the above

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4

The default Filter in Fact is

A. /*

B. ******

C. 000000

D. 123

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4

An account with an opening balence can be deleted in Fact

A. True

B. False

What is the correct answer?

4

It is possible to maintain Memo type voucher

A. True

B. False

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4

FACT supports ____ number of users

A. 100

B. 254

C. 256

D. None of the above

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4

We can change document numbering from

A. Accounts -----> Preference

B. System ------> Preference

C. Accounts ------> System ------> Preference

D. None of the above

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4

FACT does not support transfer of stock

A. True

B. False

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4

To create an item we can maintain measurement unit of

A. Sales and Purchase

B. sale, Purchase and Stock

C. Sales and Stock

D. None of the above

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4

It is possible to specify invoice-wise details of the opening balence of debtors in Fact

A. True

B. False

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4

In Fact the Install date can be a date earlier than starting date

A. True

B. False

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4

In Fact while creating a company we can specify an accounting model at

A. Company Templet

B. Install Sample Data

C. Install Sample Company

D. None of the above

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4

The default user that is created immdiately after creation of company in Fact is 'Admin'

A. True

B. False

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4

In Fact the additional information in transaction can be added through

A. Document Class

B. User Define Fields

C. Templet

D. Filter

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4

In Fact if we set 'No Code Mode' to 'Yes', we will be able to specify code for the master that you creat

A. True

B. False

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4

If the Initial name of a company is "PQR", the company data will be stored in

A. FA-PQR

B. FA_PQR

C. FAPQR

D. PQR_FA

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4

While entring opening balence of account, Fact autometically recognise if it is Dr. Balence or Cr. Balence depanding on the type of the account

A. True

B. False

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4

The User can define layout of cash flow in

A. Tally

B. Fact

C. Ex-NGN

D. Accord

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4

When Fact is installed for the first time we have to enter a blank company to creat a new company

A. True

B. False

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4

FACT supports multiple godown facility

A. True

B. False

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4

Audit Trail facility is available in FACT

A. True

B. False