In Fact the user can specify the hard disk wher the company data will be stored .
True
False
Correct Answer :
A. True
Related Questions
FACT stores data files under FACT directory
True
False
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
The 'Bill Terms' option in Fact is used to record
Details of Purchase Bill
Term of Sels Contract
Credit Period of Debtors
Discount Allowed
In Fact if we set 'No Code Mode' to 'Yes', we will be able to specify code for the master that you creat
True
False
The default user that is created immdiately after creation of company in Fact is 'Admin'
True
False
In Fact the Install date can be a date earlier than starting date
True
False
The Adit Trail features in Fact, stores
Modified Vouvher
Deleted Voucher
Modified and Deleted Voucher alongwith User Name
None of the above
FACT does not support transfer of stock
True
False
FACT supports multiple godown facility
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
It is not possibe to create online ledger in Fact
True
False
In Fact the default user name is
Admin
User
Manager
Owner
In Fact we have to specify the group of the ledger at the time of its creation
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
The default Filter in Fact is
/*
******
000000
123
We can assign opening balence to nominal account in Fact
True
False
Fact has been developed by
Vedika Solutions Pvt. Ltd.
Vedika Software Pvt. Ltd.
Vedika Soff'ware Pvt. Ltd.
Vedika
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 password to the user 'Manager' from
Account--> Prefarence--> Password.
Account--> Prefarence--> Change Password.
Account--> System Control--> Password.
None of the above
We can change document numbering from
Accounts -----> Preference
System ------> Preference
Accounts ------> System ------> Preference
None of the above
When FACT is installed, the group created is
Manager
Default
Other
None of the above
Template provides a pre-defined voucher
True
False
We can maintain monthly budget through the option Budget under Master
True
False
It is possible to specify invoice-wise details of the opening balence of debtors in Fact
True
False
It is optional to enter cost centre in inventory issue
True
False
To pass a credit note we select
Sale Bill
Sales challan
Journal
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
To create a group while creating P/L Layout we have to press
Ctrl+A
Alt+A
Shift+Ctrl+A
Alt+Shift+A
Fact Support 4 Inventory valuation method
True
False
Customised voucher numbering can be done through _______.
Document Class
Year Ending
Lock
Document Numbering