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We can assign opening balence to nominal account in Fact

A. True

B. False

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You can do it
  1. In Fact we have to specify the group of the ledger at the time of its creation
  2. We can assign opening balence to nominal account in Fact
  3. If the Initial name of a company is "PQR", the company data will be stored in
  4. In Fact while creating a company we can specify an accounting model at
  5. AR/AP stands for
  6. The Adit Trail features in Fact, stores
  7. An account with an opening balence can be deleted in Fact
  8. We can Copy Master from one company to another company with ____________________ option.
  9. We can insert a new page while designing P/L Layout by using
  10. In Fact the user can specify the hard disk wher the company data will be stored .
  11. Fact has been developed by
  12. In Fact the additional information in transaction can be added through
  13. We can assign rights to the user
  14. In Sales transaction, we can maintain
  15. In Fact if we set 'No Code Mode' to 'Yes', we will be able to specify code for the master that you creat
  16. It is optional to enter cost centre in inventory issue
  17. The 'Bill Terms' option in Fact is used to record
  18. Audit Trail facility is available in FACT
  19. The User can define layout of cash flow in
  20. To pass a credit note we select
  21. Customised voucher numbering can be done through _______.
  22. To create a group while creating P/L Layout we have to press
  23. In Fact the default user name is
  24. While entring opening balence of account, Fact autometically recognise if it is Dr. Balence or Cr. Balence…
  25. When FACT is installed, the group created is
  26. We can change document numbering from
  27. The default user that is created immdiately after creation of company in Fact is 'Admin'
  28. We can maintain multiple currency in FACT
  29. The special account created to need cash withdrawal entris from bank is known as
  30. The Net Profit transferred to Balence Sheet in Fact using