In Fact the accounting period can be specified for a maximum period of

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In Fact the accounting period can be specified for a maximum period of

A. 1 year

B. 15 Months

C. 2 Years

D. None of the above

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In Fact the user can specify the hard disk wher the company data will be stored .

A. True

B. False

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The default Filter in Fact is

A. /*

B. ******

C. 000000

D. 123

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FACT stores data files under FACT directory

A. True

B. False

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FACT does not support transfer of stock

A. True

B. False

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To pass a credit note we select

A. Sale Bill

B. Sales challan

C. Journal

D. None of the above

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In Fact the Install date can be a date earlier than starting date

A. True

B. False

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It is possible to maintain Memo type voucher

A. True

B. False

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Fact Support 4 Inventory valuation method

A. True

B. False

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AR/AP stands for

A. Alternative Receipt/Payment

B. Automatic Receipt/Payment

C. Accounts Receivable/Payable

D. None of the above

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The default user that is created immdiately after creation of company in Fact is 'Admin'

A. True

B. False

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Template provides a pre-defined voucher

A. True

B. False

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We can change document numbering from

A. Accounts -----> Preference

B. System ------> Preference

C. Accounts ------> System ------> Preference

D. None of the above

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CHECK Cost centre is used for maintaining branch accounting

A. True

B. False

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Customised voucher numbering can be done through _______.

A. Document Class

B. Year Ending

C. Lock

D. Document Numbering

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In Document Class the sum of the numbers in the three sagement may be less than 6

A. True

B. False

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To create a group while creating P/L Layout we have to press

A. Ctrl+A

B. Alt+A

C. Shift+Ctrl+A

D. Alt+Shift+A

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It is optional to enter cost centre in inventory issue

A. True

B. False

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The 'Bill Terms' option in Fact is used to record

A. Details of Purchase Bill

B. Term of Sels Contract

C. Credit Period of Debtors

D. Discount Allowed

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In Fact we have to specify the group of the ledger at the time of its creation

A. True

B. False

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In Fact the additional information in transaction can be added through

A. Document Class

B. User Define Fields

C. Templet

D. Filter

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We can maintain monthly budget through the option Budget under Master

A. True

B. False

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Fact has been developed by

A. Vedika Solutions Pvt. Ltd.

B. Vedika Software Pvt. Ltd.

C. Vedika Soff'ware Pvt. Ltd.

D. Vedika

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The GL Account which must be created in Fact are known as

A. Control Account

B. GL Account

C. System Control Account

D. None of the above

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

A. FA-PQR

B. FA_PQR

C. FAPQR

D. PQR_FA

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New rights can be applied to

A. User

B. Group

C. Both of the above

D. None of the above

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In Fact if we set 'No Code Mode' to 'Yes', we will be able to specify code for the master that you creat

A. True

B. False

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FACT supports ____ number of users

A. 100

B. 254

C. 256

D. None of the above

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An account with an opening balence can be deleted in Fact

A. True

B. False

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While entring opening balence of account, Fact autometically recognise if it is Dr. Balence or Cr. Balence depanding on the type of the account

A. True

B. False

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We can insert a new page while designing P/L Layout by using

A. Next Page

B. New Page

C. New Title

D. Page Title

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Accepted Answer

C. 2 Years

In Fact the accounting period can be specified for a maximum period of

Correct Answer :

Show all Fact MCQ

Related Questions

In Fact the user can specify the hard disk wher the company data will be stored .

The default Filter in Fact is

FACT stores data files under FACT directory

FACT does not support transfer of stock

To pass a credit note we select

In Fact the Install date can be a date earlier than starting date

It is possible to maintain Memo type voucher

Fact Support 4 Inventory valuation method

AR/AP stands for

The default user that is created immdiately after creation of company in Fact is 'Admin'

Template provides a pre-defined voucher

We can change document numbering from

CHECK Cost centre is used for maintaining branch accounting

Customised voucher numbering can be done through _______.

In Document Class the sum of the numbers in the three sagement may be less than 6

To create a group while creating P/L Layout we have to press

It is optional to enter cost centre in inventory issue

The 'Bill Terms' option in Fact is used to record

In Fact we have to specify the group of the ledger at the time of its creation

In Fact the additional information in transaction can be added through

We can maintain monthly budget through the option Budget under Master

Fact has been developed by

The GL Account which must be created in Fact are known as

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

New rights can be applied to

In Fact if we set 'No Code Mode' to 'Yes', we will be able to specify code for the master that you creat

FACT supports ____ number of users

An account with an opening balence can be deleted in Fact

While entring opening balence of account, Fact autometically recognise if it is Dr. Balence or Cr. Balence depanding on the type of the account

We can insert a new page while designing P/L Layout by using

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