Related Questions
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When Fact is installed for the first time we have to enter a blank company to creat a new company
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FACT does not support transfer of stock
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Customised voucher numbering can be done through _______.
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In Document Class the sum of the numbers in the three sagement may be less than 6
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Audit Trail facility is available in FACT
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It is possible to maintain Memo type voucher
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FACT supports ____ number of users
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An account with an opening balence can be deleted in Fact
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The Adit Trail features in Fact, stores
C. Modified and Deleted Voucher alongwith User Name
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We can assign password to the user 'Manager' from
A. Account--> Prefarence--> Password.
B. Account--> Prefarence--> Change Password.
C. Account--> System Control--> Password.
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In Fact the accounting period can be specified for a maximum period of
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In Fact the Install date can be a date earlier than starting date
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New rights can be applied to
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The GL Account which must be created in Fact are known as
C. System Control Account
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To create a group while creating P/L Layout we have to press
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FACT stores data files under FACT directory
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We can Copy Master from one company to another company with ____________________ option.
B. Copy code from another account.
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We can insert a new page while designing P/L Layout by using
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The 'Bill Terms' option in Fact is used to record
A. Details of Purchase Bill
C. Credit Period of Debtors
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In Fact the default user name is
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We can maintain multiple currency in FACT
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It is optional to enter cost centre in inventory issue
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Fact Support 4 Inventory valuation method
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AR/AP stands for
A. Alternative Receipt/Payment
B. Automatic Receipt/Payment
C. Accounts Receivable/Payable
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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
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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
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We can assign opening balence to nominal account in Fact
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In Fact we have to specify the group of the ledger at the time of its creation
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We can assign rights to the user
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FACT supports multiple godown facility