If the Initial name of a company is "PQR", the company data will be stored in
FA-PQR
FA_PQR
FAPQR
PQR_FA
Correct Answer :
B. FA_PQR
Related Questions
FACT stores data files under FACT directory
True
False
FACT supports multiple godown facility
True
False
FACT supports ____ number of users
100
254
256
None of the above
New rights can be applied to
User
Group
Both of the above
None of the above
Customised voucher numbering can be done through _______.
Document Class
Year Ending
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The default user that is created immdiately after creation of company in Fact is 'Admin'
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 maintain multiple currency in FACT
True
False
We can maintain monthly budget through the option Budget under Master
True
False
To create a group while creating P/L Layout we have to press
Ctrl+A
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Alt+Shift+A
Fact Support 4 Inventory valuation method
True
False
The 'Bill Terms' option in Fact is used to record
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Credit Period of Debtors
Discount Allowed
In Fact while creating a company we can specify an accounting model at
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Install Sample Data
Install Sample Company
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In Fact the additional information in transaction can be added through
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Templet
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It is optional to enter cost centre in inventory issue
True
False
We can insert a new page while designing P/L Layout by using
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To pass a credit note we select
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Journal
None of the above
The default Filter in Fact is
/*
******
000000
123
Fact has been developed by
Vedika Solutions Pvt. Ltd.
Vedika Software Pvt. Ltd.
Vedika Soff'ware Pvt. Ltd.
Vedika
In Fact the accounting period can be specified for a maximum period of
1 year
15 Months
2 Years
None of the above
To create an item we can maintain measurement unit of
Sales and Purchase
sale, Purchase and Stock
Sales and Stock
None of the above
We can assign opening balence to nominal account in Fact
True
False
When Fact is installed for the first time we have to enter a blank company to creat a new company
True
False
We can assign rights to the user
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
In Fact we have to specify the group of the ledger at the time of its creation
True
False
AR/AP stands for
Alternative Receipt/Payment
Automatic Receipt/Payment
Accounts Receivable/Payable
None of the above
FACT does not support transfer of stock
True
False
It is possible to maintain Memo type voucher
True
False
In Fact the user can specify the hard disk wher the company data will be stored .
True
False