We can assign opening balence to nominal account in Fact

A. True

B. False

Related Questions

  1. It is possible to maintain Memo type voucher
  2. In Fact the default user name is
  3. Fact has been developed by
  4. CHECK Cost centre is used for maintaining branch accounting
  5. It is possible to specify invoice-wise details of the opening balence of debtors in Fact
  6. In Fact the additional information in transaction can be added through
  7. In Fact if we set 'No Code Mode' to 'Yes', we will be able to specify code for the master that you creat
  8. We can assign rights to the user
  9. The default user that is created immdiately after creation of company in Fact is 'Admin'
  10. We can change document numbering from
  11. While entring opening balence of account, Fact autometically recognise if it is Dr. Balence or Cr. Balence…
  12. New rights can be applied to
  13. In Fact the Install date can be a date earlier than starting date
  14. FACT supports multiple godown facility
  15. The User can define layout of cash flow in
  16. It is optional to enter cost centre in inventory issue
  17. When FACT is installed, the group created is
  18. The Net Profit transferred to Balence Sheet in Fact using
  19. In Fact the accounting period can be specified for a maximum period of
  20. We can maintain multiple currency in FACT
  21. To create a group while creating P/L Layout we have to press
  22. We can assign password to the user 'Manager' from
  23. FACT stores data files under FACT directory
  24. The default Filter in Fact is
  25. In Fact we have to specify the group of the ledger at the time of its creation
  26. When Fact is installed for the first time we have to enter a blank company to creat a new company
  27. Fact Support 4 Inventory valuation method
  28. An account with an opening balence can be deleted in Fact
  29. In Fact while creating a company we can specify an accounting model at
  30. The Adit Trail features in Fact, stores

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