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4

The special account created to need cash withdrawal entris from bank is known as

A. Bank Contra Account

B. Contra Account

C. Cash Contra Account

D. Withdrawal Contra Account

Correct Answer :

B. Contra Account


Related Questions

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4

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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4

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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4

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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4

The Net Profit transferred to Balence Sheet in Fact using

A. Defined Total

B. Net Total

C. Opening P/L Balence

D. None of the above

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4

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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4

In Sales transaction, we can maintain

A. Order, Challan and Bil

B. Order, Challan, Service Bill and Bill

C. Order, Challan, Bill, Service Bill and Return

D. None of the above

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4

FACT does not support transfer of stock

A. True

B. False

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4

New rights can be applied to

A. User

B. Group

C. Both of the above

D. None of the above

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4

In Fact the default user name is

A. Admin

B. User

C. Manager

D. Owner

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4

The special account created to need cash withdrawal entris from bank is known as

A. Bank Contra Account

B. Contra Account

C. Cash Contra Account

D. Withdrawal Contra Account

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4

When FACT is installed, the group created is

A. Manager

B. Default

C. Other

D. None of the above

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4

FACT supports ____ number of users

A. 100

B. 254

C. 256

D. None of the above

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4

It is not possibe to create online ledger in Fact

A. True

B. False

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4

To create an item we can maintain measurement unit of

A. Sales and Purchase

B. sale, Purchase and Stock

C. Sales and Stock

D. None of the above

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4

We can assign password to the user 'Manager' from

A. Account--> Prefarence--> Password.

B. Account--> Prefarence--> Change Password.

C. Account--> System Control--> Password.

D. None of the above

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4

Fact Support 4 Inventory valuation method

A. True

B. False

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4

We can assign rights to the user

A. True

B. False

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4

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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4

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

A. True

B. False

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4

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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4

The Adit Trail features in Fact, stores

A. Modified Vouvher

B. Deleted Voucher

C. Modified and Deleted Voucher alongwith User Name

D. None of the above

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4

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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4

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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4

FACT supports multiple godown facility

A. True

B. False

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4

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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4

We can Copy Master from one company to another company with ____________________ option.

A. Impot and Export.

B. Copy code from another account.

C. Both of the above

D. None of the above

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4

CHECK Cost centre is used for maintaining branch accounting

A. True

B. False

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4

It is possible to specify invoice-wise details of the opening balence of debtors in Fact

A. True

B. False

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4

When Fact is installed for the first time we have to enter a blank company to creat a new company

A. True

B. False

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4

We can maintain monthly budget through the option Budget under Master

A. True

B. False