We can assign opening balence to nominal account in Fact

A. True

B. False

Please do not use chat terms. Example: avoid using "grt" instead of "great".

You can do it
  1. FACT supports multiple godown facility
  2. The Adit Trail features in Fact, stores
  3. We can assign opening balence to nominal account in Fact
  4. Fact has been developed by
  5. In Fact the user can specify the hard disk wher the company data will be stored .
  6. The default user that is created immdiately after creation of company in Fact is 'Admin'
  7. To create an item we can maintain measurement unit of
  8. The GL Account which must be created in Fact are known as
  9. The special account created to need cash withdrawal entris from bank is known as
  10. We can Copy Master from one company to another company with ____________________ option.
  11. The User can define layout of cash flow in
  12. An account with an opening balence can be deleted in Fact
  13. We can maintain multiple currency in FACT
  14. In Document Class the sum of the numbers in the three sagement may be less than 6
  15. To create a group while creating P/L Layout we have to press
  16. Fact Support 4 Inventory valuation method
  17. When FACT is installed, the group created is
  18. In Fact while creating a company we can specify an accounting model at
  19. We can assign password to the user 'Manager' from
  20. AR/AP stands for
  21. It is optional to enter cost centre in inventory issue
  22. We can maintain monthly budget through the option Budget under Master
  23. CHECK Cost centre is used for maintaining branch accounting
  24. If the Initial name of a company is "PQR", the company data will be stored in
  25. To pass a credit note we select
  26. While entring opening balence of account, Fact autometically recognise if it is Dr. Balence or Cr. Balence…
  27. Audit Trail facility is available in FACT
  28. The 'Bill Terms' option in Fact is used to record
  29. We can insert a new page while designing P/L Layout by using
  30. New rights can be applied to