Audit Trail facility is available in FACT
True
False
Correct Answer :
A. True
Related Questions
In Fact the additional information in transaction can be added through
Document Class
User Define Fields
Templet
Filter
FACT stores data files under FACT directory
True
False
In Fact the Install date can be a date earlier than starting date
True
False
AR/AP stands for
Alternative Receipt/Payment
Automatic Receipt/Payment
Accounts Receivable/Payable
None of the above
The Net Profit transferred to Balence Sheet in Fact using
Defined Total
Net Total
Opening P/L Balence
None of the above
Fact has been developed by
Vedika Solutions Pvt. Ltd.
Vedika Software Pvt. Ltd.
Vedika Soff'ware Pvt. Ltd.
Vedika
CHECK Cost centre is used for maintaining branch accounting
True
False
In Fact if we set 'No Code Mode' to 'Yes', we will be able to specify code for the master that you creat
True
False
When Fact is installed for the first time we have to enter a blank company to creat a new company
True
False
An account with an opening balence can be deleted in Fact
True
False
In Fact the default user name is
Admin
User
Manager
Owner
The default Filter in Fact is
/*
******
000000
123
Fact Support 4 Inventory valuation method
True
False
In Document Class the sum of the numbers in the three sagement may be less than 6
True
False
FACT supports multiple godown facility
True
False
We can maintain monthly budget through the option Budget under Master
True
False
In Fact while creating a company we can specify an accounting model at
Company Templet
Install Sample Data
Install Sample Company
None of the above
The Adit Trail features in Fact, stores
Modified Vouvher
Deleted Voucher
Modified and Deleted Voucher alongwith User Name
None of the above
We can change document numbering from
Accounts -----> Preference
System ------> Preference
Accounts ------> System ------> Preference
None of the above
The default user that is created immdiately after creation of company in Fact is 'Admin'
True
False
The GL Account which must be created in Fact are known as
Control Account
GL Account
System Control Account
None of the above
In Fact the user can specify the hard disk wher the company data will be stored .
True
False
In Fact the accounting period can be specified for a maximum period of
1 year
15 Months
2 Years
None of the above
In Sales transaction, we can maintain
Order, Challan and Bil
Order, Challan, Service Bill and Bill
Order, Challan, Bill, Service Bill and Return
None of the above
In Fact we have to specify the group of the ledger at the time of its creation
True
False
We can assign password to the user 'Manager' from
Account--> Prefarence--> Password.
Account--> Prefarence--> Change Password.
Account--> System Control--> Password.
None of the above
FACT does not support transfer of stock
True
False
Template provides a pre-defined voucher
True
False
The special account created to need cash withdrawal entris from bank is known as
Bank Contra Account
Contra Account
Cash Contra Account
Withdrawal Contra Account
If the Initial name of a company is "PQR", the company data will be stored in
FA-PQR
FA_PQR
FAPQR
PQR_FA