Template provides a pre-defined voucher
True
False
Correct Answer :
A. True
Related Questions
We can maintain multiple currency in FACT
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
In Fact the Install date can be a date earlier than starting date
True
False
An account with an opening balence can be deleted in Fact
True
False
We can insert a new page while designing P/L Layout by using
Next Page
New Page
New Title
Page Title
Template provides a pre-defined voucher
True
False
The 'Bill Terms' option in Fact is used to record
Details of Purchase Bill
Term of Sels Contract
Credit Period of Debtors
Discount Allowed
We can change document numbering from
Accounts -----> Preference
System ------> Preference
Accounts ------> System ------> Preference
None of the above
FACT stores data files under FACT directory
True
False
AR/AP stands for
Alternative Receipt/Payment
Automatic Receipt/Payment
Accounts Receivable/Payable
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
In Fact we have to specify the group of the ledger at the time of its creation
True
False
It is possible to maintain Memo type voucher
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
Fact Support 4 Inventory valuation method
True
False
To create a group while creating P/L Layout we have to press
Ctrl+A
Alt+A
Shift+Ctrl+A
Alt+Shift+A
To pass a credit note we select
Sale Bill
Sales challan
Journal
None of the above
In Document Class the sum of the numbers in the three sagement may be less than 6
True
False
When Fact is installed for the first time we have to enter a blank company to creat a new company
True
False
Customised voucher numbering can be done through _______.
Document Class
Year Ending
Lock
Document Numbering
The Adit Trail features in Fact, stores
Modified Vouvher
Deleted Voucher
Modified and Deleted Voucher alongwith User Name
None of the above
When FACT is installed, the group created is
Manager
Default
Other
None of the above
In Fact the default user name is
Admin
User
Manager
Owner
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
In Fact the user can specify the hard disk wher the company data will be stored .
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 assign password to the user 'Manager' from
Account--> Prefarence--> Password.
Account--> Prefarence--> Change Password.
Account--> System Control--> Password.
None of the above
We can assign rights to the user
True
False
New rights can be applied to
User
Group
Both of the above
None of the above
Fact has been developed by
Vedika Solutions Pvt. Ltd.
Vedika Software Pvt. Ltd.
Vedika Soff'ware Pvt. Ltd.
Vedika