In Document Class the sum of the numbers in the three sagement may be less than 6
True
False
Correct Answer :
B. False
Related Questions
When Fact is installed for the first time we have to enter a blank company to creat a new company
True
False
FACT supports ____ number of users
100
254
256
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
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
It is not possibe to create online ledger in Fact
True
False
We can maintain multiple currency in FACT
True
False
FACT supports multiple godown facility
True
False
In Fact the default user name is
Admin
User
Manager
Owner
FACT does not support transfer of stock
True
False
CHECK Cost centre is used for maintaining branch accounting
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
To create a group while creating P/L Layout we have to press
Ctrl+A
Alt+A
Shift+Ctrl+A
Alt+Shift+A
We can assign password to the user 'Manager' from
Account--> Prefarence--> Password.
Account--> Prefarence--> Change Password.
Account--> System Control--> Password.
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
It is possible to maintain Memo type voucher
True
False
When FACT is installed, the group created is
Manager
Default
Other
None of the above
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
Template provides a pre-defined voucher
True
False
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
We can change document numbering from
Accounts -----> Preference
System ------> Preference
Accounts ------> System ------> Preference
None of the above
New rights can be applied to
User
Group
Both of the above
None of the above
Fact Support 4 Inventory valuation method
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 insert a new page while designing P/L Layout by using
Next Page
New Page
New Title
Page Title
We can maintain monthly budget through the option Budget under Master
True
False
We can assign opening balence to nominal account in Fact
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
In Document Class the sum of the numbers in the three sagement may be less than 6
True
False
An account with an opening balence can be deleted in Fact
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