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We can assign opening balence to nominal account in Fact

A. True

B. False

You can do it yup
  1. FACT supports multiple godown facility
  2. To create an item we can maintain measurement unit of
  3. We can insert a new page while designing P/L Layout by using
  4. It is possible to specify invoice-wise details of the opening balence of debtors in Fact
  5. The special account created to need cash withdrawal entris from bank is known as
  6. When FACT is installed, the group created is
  7. We can assign rights to the user
  8. In Document Class the sum of the numbers in the three sagement may be less than 6
  9. It is possible to maintain Memo type voucher
  10. Fact has been developed by
  11. An account with an opening balence can be deleted in Fact
  12. In Fact the accounting period can be specified for a maximum period of
  13. We can Copy Master from one company to another company with ____________________ option.
  14. In Fact the additional information in transaction can be added through
  15. AR/AP stands for
  16. The Net Profit transferred to Balence Sheet in Fact using
  17. We can maintain multiple currency in FACT
  18. The User can define layout of cash flow in
  19. In Sales transaction, we can maintain
  20. FACT does not support transfer of stock
  21. To pass a credit note we select
  22. It is optional to enter cost centre in inventory issue
  23. The default user that is created immdiately after creation of company in Fact is 'Admin'
  24. In Fact while creating a company we can specify an accounting model at
  25. Fact Support 4 Inventory valuation method
  26. FACT stores data files under FACT directory
  27. FACT supports ____ number of users
  28. In Fact the default user name is
  29. The Adit Trail features in Fact, stores
  30. We can assign password to the user 'Manager' from