FACT stores data files under FACT directory
True
False
Correct Answer :
B. False
Related Questions
In Fact we have to specify the group of the ledger at the time of its creation
True
False
When FACT is installed, the group created is
Manager
Default
Other
None of the above
We can change document numbering from
Accounts -----> Preference
System ------> Preference
Accounts ------> System ------> Preference
None of the above
We can maintain multiple currency in FACT
True
False
The 'Bill Terms' option in Fact is used to record
Details of Purchase Bill
Term of Sels Contract
Credit Period of Debtors
Discount Allowed
Template provides a pre-defined voucher
True
False
We can assign rights to the user
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
The Adit Trail features in Fact, stores
Modified Vouvher
Deleted Voucher
Modified and Deleted Voucher alongwith User Name
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
The Net Profit transferred to Balence Sheet in Fact using
Defined Total
Net Total
Opening P/L Balence
None of the above
It is possible to maintain Memo type voucher
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
CHECK Cost centre is used for maintaining branch accounting
True
False
To pass a credit note we select
Sale Bill
Sales challan
Journal
None of the above
It is possible to specify invoice-wise details of the opening balence of debtors in Fact
True
False
It is optional to enter cost centre in inventory issue
True
False
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
Audit Trail facility is available in FACT
True
False
To create an item we can maintain measurement unit of
Sales and Purchase
sale, Purchase and Stock
Sales and Stock
None of the above
The default Filter in Fact is
/*
******
000000
123
If the Initial name of a company is "PQR", the company data will be stored in
FA-PQR
FA_PQR
FAPQR
PQR_FA
FACT supports ____ number of users
100
254
256
None of the above
FACT does not support transfer of stock
True
False
The User can define layout of cash flow in
Tally
Fact
Ex-NGN
Accord
Fact has been developed by
Vedika Solutions Pvt. Ltd.
Vedika Software Pvt. Ltd.
Vedika Soff'ware Pvt. Ltd.
Vedika
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
In Fact the additional information in transaction can be added through
Document Class
User Define Fields
Templet
Filter
New rights can be applied to
User
Group
Both of the above
None of the above
We can maintain monthly budget through the option Budget under Master
True
False