We can assign opening balence to nominal account in Fact
True
False
Correct Answer :
B. False
Related Questions
FACT stores data files under FACT directory
True
False
In Fact the user can specify the hard disk wher the company data will be stored .
True
False
The GL Account which must be created in Fact are known as
Control Account
GL Account
System Control Account
None of the above
It is not possibe to create online ledger in Fact
True
False
Fact Support 4 Inventory valuation method
True
False
In Fact the additional information in transaction can be added through
Document Class
User Define Fields
Templet
Filter
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
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
Audit Trail facility is available in FACT
True
False
In Fact the default user name is
Admin
User
Manager
Owner
When FACT is installed, the group created is
Manager
Default
Other
None of the above
It is optional to enter cost centre in inventory issue
True
False
The User can define layout of cash flow in
Tally
Fact
Ex-NGN
Accord
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 maintain multiple currency in FACT
True
False
In Document Class the sum of the numbers in the three sagement may be less than 6
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
It is possible to maintain Memo type voucher
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
We can change document numbering from
Accounts -----> Preference
System ------> Preference
Accounts ------> System ------> Preference
None of the above
It is possible to specify invoice-wise details of the opening balence of debtors 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
In Fact the Install date can be a date earlier than starting date
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
In Fact we have to specify the group of the ledger at the time of its creation
True
False
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
Template provides a pre-defined voucher
True
False
The default user that is created immdiately after creation of company in Fact is 'Admin'
True
False
The default Filter in Fact is
/*
******
000000
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