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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 the user can specify the hard disk wher the company data will be stored .
  2. FACT supports multiple godown facility
  3. Customised voucher numbering can be done through _______.
  4. In Fact if we set 'No Code Mode' to 'Yes', we will be able to specify code for the master that you creat
  5. CHECK Cost centre is used for maintaining branch accounting
  6. In Fact the additional information in transaction can be added through
  7. Fact Support 4 Inventory valuation method
  8. Template provides a pre-defined voucher
  9. In Fact the accounting period can be specified for a maximum period of
  10. We can change document numbering from
  11. The Adit Trail features in Fact, stores
  12. It is possible to specify invoice-wise details of the opening balence of debtors in Fact
  13. The default Filter in Fact is
  14. To create an item we can maintain measurement unit of
  15. It is optional to enter cost centre in inventory issue
  16. In Fact we have to specify the group of the ledger at the time of its creation
  17. Fact has been developed by
  18. When FACT is installed, the group created is
  19. AR/AP stands for
  20. FACT supports ____ number of users
  21. In Fact the default user name is
  22. FACT does not support transfer of stock
  23. In Fact the Install date can be a date earlier than starting date
  24. The 'Bill Terms' option in Fact is used to record
  25. The GL Account which must be created in Fact are known as
  26. In Sales transaction, we can maintain
  27. When Fact is installed for the first time we have to enter a blank company to creat a new company
  28. We can Copy Master from one company to another company with ____________________ option.
  29. It is not possibe to create online ledger in Fact
  30. We can assign opening balence to nominal account in Fact