When FACT is installed, the group created is
Manager
Default
Other
None of the above
Correct Answer :
B. Default
Related Questions
The User can define layout of cash flow in
Tally
Fact
Ex-NGN
Accord
We can maintain multiple currency in FACT
True
False
The Net Profit transferred to Balence Sheet in Fact using
Defined Total
Net Total
Opening P/L Balence
None of the above
We can maintain monthly budget through the option Budget under Master
True
False
In Fact the user can specify the hard disk wher the company data will be stored .
True
False
In Fact the accounting period can be specified for a maximum period of
1 year
15 Months
2 Years
None of the above
In Fact the additional information in transaction can be added through
Document Class
User Define Fields
Templet
Filter
It is optional to enter cost centre in inventory issue
True
False
CHECK Cost centre is used for maintaining branch accounting
True
False
Template provides a pre-defined voucher
True
False
FACT supports ____ number of users
100
254
256
None of the above
We can insert a new page while designing P/L Layout by using
Next Page
New Page
New Title
Page Title
To create an item we can maintain measurement unit of
Sales and Purchase
sale, Purchase and Stock
Sales and Stock
None of the above
Customised voucher numbering can be done through _______.
Document Class
Year Ending
Lock
Document Numbering
The default user that is created immdiately after creation of company in Fact is 'Admin'
True
False
It is possible to specify invoice-wise details of the opening balence of debtors in Fact
True
False
We can change document numbering from
Accounts -----> Preference
System ------> Preference
Accounts ------> System ------> Preference
None of the above
FACT does not support transfer of stock
True
False
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
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 the Install date can be a date earlier than starting date
True
False
We can assign opening balence to nominal account in Fact
True
False
Audit Trail facility is available in FACT
True
False
AR/AP stands for
Alternative Receipt/Payment
Automatic Receipt/Payment
Accounts Receivable/Payable
None of the above
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
In Fact the default user name is
Admin
User
Manager
Owner
The Adit Trail features in Fact, stores
Modified Vouvher
Deleted Voucher
Modified and Deleted Voucher alongwith User Name
None of the above
The default Filter in Fact is
/*
******
000000
123
Fact has been developed by
Vedika Solutions Pvt. Ltd.
Vedika Software Pvt. Ltd.
Vedika Soff'ware Pvt. Ltd.
Vedika
It is not possibe to create online ledger in Fact
True
False