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





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  1. CHECK Cost centre is used for maintaining branch accounting
  2. In Fact we have to specify the group of the ledger at the time of its creation
  3. The default Filter in Fact is
  4. The GL Account which must be created in Fact are known as
  5. In Fact the user can specify the hard disk wher the company data will be stored .
  6. We can assign rights to the user
  7. We can assign password to the user 'Manager' from
  8. To create a group while creating P/L Layout we have to press
  9. Fact Support 4 Inventory valuation method
  10. Template provides a pre-defined voucher
  11. FACT does not support transfer of stock
  12. AR/AP stands for
  13. An account with an opening balence can be deleted in Fact
  14. When Fact is installed for the first time we have to enter a blank company to creat a new company
  15. The Adit Trail features in Fact, stores
  16. To create an item we can maintain measurement unit of
  17. The default user that is created immdiately after creation of company in Fact is 'Admin'
  18. FACT stores data files under FACT directory
  19. It is possible to maintain Memo type voucher
  20. In Document Class the sum of the numbers in the three sagement may be less than 6
  21. The 'Bill Terms' option in Fact is used to record
  22. If the Initial name of a company is "PQR", the company data will be stored in
  23. Audit Trail facility is available in FACT
  24. In Sales transaction, we can maintain
  25. In Fact while creating a company we can specify an accounting model at
  26. It is optional to enter cost centre in inventory issue
  27. It is possible to specify invoice-wise details of the opening balence of debtors in Fact
  28. To pass a credit note we select
  29. While entring opening balence of account, Fact autometically recognise if it is Dr. Balence or Cr. Balence…
  30. The User can define layout of cash flow in