To pass a credit note we select
Sale Bill
Sales challan
Journal
None of the above
Correct Answer :
C. Journal
Related Questions
It is optional to enter cost centre in inventory issue
True
False
An account with an opening balence can be deleted in Fact
True
False
New rights can be applied to
User
Group
Both of the above
None of the above
The Net Profit transferred to Balence Sheet in Fact using
Defined Total
Net Total
Opening P/L Balence
None of the above
When Fact is installed for the first time we have to enter a blank company to creat a new company
True
False
Fact Support 4 Inventory valuation method
True
False
In Document Class the sum of the numbers in the three sagement may be less than 6
True
False
We can assign rights to the user
True
False
We can maintain multiple currency 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
FACT supports multiple godown facility
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
In Fact the user can specify the hard disk wher the company data will be stored .
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
If the Initial name of a company is "PQR", the company data will be stored in
FA-PQR
FA_PQR
FAPQR
PQR_FA
When FACT is installed, the group created is
Manager
Default
Other
None of the above
We can assign opening balence to nominal account in Fact
True
False
In Fact the additional information in transaction can be added through
Document Class
User Define Fields
Templet
Filter
It is possible to maintain Memo type voucher
True
False
We can maintain monthly budget through the option Budget under Master
True
False
We can change document numbering from
Accounts -----> Preference
System ------> Preference
Accounts ------> System ------> Preference
None of the above
In Fact the accounting period can be specified for a maximum period of
1 year
15 Months
2 Years
None of the above
Template provides a pre-defined voucher
True
False
To create an item we can maintain measurement unit of
Sales and Purchase
sale, Purchase and Stock
Sales and Stock
None of the above
We can assign password to the user 'Manager' from
Account--> Prefarence--> Password.
Account--> Prefarence--> Change Password.
Account--> System Control--> Password.
None of the above
Audit Trail facility is available in FACT
True
False
In Fact while creating a company we can specify an accounting model at
Company Templet
Install Sample Data
Install Sample Company
None of the above
It is possible to specify invoice-wise details of the opening balence of debtors in Fact
True
False
In Fact the default user name is
Admin
User
Manager
Owner
AR/AP stands for
Alternative Receipt/Payment
Automatic Receipt/Payment
Accounts Receivable/Payable
None of the above