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When Fact is installed for the first time we have to enter a blank company to creat a new company

A. True

B. False

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  1. CHECK Cost centre is used for maintaining branch accounting
  2. An account with an opening balence can be deleted in Fact
  3. It is possible to specify invoice-wise details of the opening balence of debtors in Fact
  4. While entring opening balence of account, Fact autometically recognise if it is Dr. Balence or Cr. Balence…
  5. In Fact the default user name is
  6. We can maintain monthly budget through the option Budget under Master
  7. The Adit Trail features in Fact, stores
  8. We can insert a new page while designing P/L Layout by using
  9. FACT supports ____ number of users
  10. The 'Bill Terms' option in Fact is used to record
  11. To pass a credit note we select
  12. AR/AP stands for
  13. In Document Class the sum of the numbers in the three sagement may be less than 6
  14. In Fact the user can specify the hard disk wher the company data will be stored .
  15. We can maintain multiple currency in FACT
  16. It is possible to maintain Memo type voucher
  17. The default user that is created immdiately after creation of company in Fact is 'Admin'
  18. In Fact if we set 'No Code Mode' to 'Yes', we will be able to specify code for the master that you creat
  19. New rights can be applied to
  20. We can Copy Master from one company to another company with ____________________ option.
  21. It is not possibe to create online ledger in Fact
  22. Audit Trail facility is available in FACT
  23. The GL Account which must be created in Fact are known as
  24. In Fact the Install date can be a date earlier than starting date
  25. If the Initial name of a company is "PQR", the company data will be stored in
  26. To create an item we can maintain measurement unit of
  27. In Fact the additional information in transaction can be added through
  28. We can assign password to the user 'Manager' from
  29. Fact has been developed by
  30. Customised voucher numbering can be done through _______.