CHECK Cost centre is used for maintaining branch accounting
True
False
Correct Answer :
B. False
Related Questions
In Fact the user can specify the hard disk wher the company data will be stored .
True
False
CHECK Cost centre is used for maintaining branch accounting
True
False
An account with an opening balence can be deleted in Fact
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
If the Initial name of a company is "PQR", the company data will be stored in
FA-PQR
FA_PQR
FAPQR
PQR_FA
We can Copy Master from one company to another company with ____________________ option.
Impot and Export.
Copy code from another account.
Both of the above
None of the above
In Document Class the sum of the numbers in the three sagement may be less than 6
True
False
It is possible to specify invoice-wise details of the opening balence of debtors in Fact
True
False
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
Template provides a pre-defined voucher
True
False
FACT does not support transfer of stock
True
False
To create a group while creating P/L Layout we have to press
Ctrl+A
Alt+A
Shift+Ctrl+A
Alt+Shift+A
Audit Trail facility is available in FACT
True
False
It is not possibe to create online ledger in Fact
True
False
The User can define layout of cash flow in
Tally
Fact
Ex-NGN
Accord
The default user that is created immdiately after creation of company in Fact is 'Admin'
True
False
Fact has been developed by
Vedika Solutions Pvt. Ltd.
Vedika Software Pvt. Ltd.
Vedika Soff'ware Pvt. Ltd.
Vedika
FACT supports ____ number of users
100
254
256
None of the above
The GL Account which must be created in Fact are known as
Control Account
GL Account
System Control Account
None of the above
We can maintain multiple currency in FACT
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
We can assign opening balence to nominal account in Fact
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
The Adit Trail features in Fact, stores
Modified Vouvher
Deleted Voucher
Modified and Deleted Voucher alongwith User Name
None of the above
While entring opening balence of account, Fact autometically recognise if it is Dr. Balence or Cr. Balence depanding on the type of the account
True
False
In Fact the default user name is
Admin
User
Manager
Owner
We can maintain monthly budget through the option Budget under Master
True
False
Fact Support 4 Inventory valuation method
True
False
AR/AP stands for
Alternative Receipt/Payment
Automatic Receipt/Payment
Accounts Receivable/Payable
None of the above
FACT stores data files under FACT directory
True
False