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FACT stores data files under FACT directory

A. True

B. False

You can do it yup
  1. The 'Bill Terms' option in Fact is used to record
  2. We can assign password to the user 'Manager' from
  3. AR/AP stands for
  4. In Fact the additional information in transaction can be added through
  5. In Document Class the sum of the numbers in the three sagement may be less than 6
  6. The User can define layout of cash flow in
  7. The special account created to need cash withdrawal entris from bank is known as
  8. We can maintain monthly budget through the option Budget under Master
  9. The GL Account which must be created in Fact are known as
  10. If the Initial name of a company is "PQR", the company data will be stored in
  11. FACT supports ____ number of users
  12. Fact Support 4 Inventory valuation method
  13. It is optional to enter cost centre in inventory issue
  14. The Net Profit transferred to Balence Sheet in Fact using
  15. Template provides a pre-defined voucher
  16. It is possible to specify invoice-wise details of the opening balence of debtors in Fact
  17. To create a group while creating P/L Layout we have to press
  18. We can Copy Master from one company to another company with ____________________ option.
  19. To create an item we can maintain measurement unit of
  20. We can change document numbering from
  21. It is possible to maintain Memo type voucher
  22. We can assign rights to the user
  23. In Fact we have to specify the group of the ledger at the time of its creation
  24. FACT stores data files under FACT directory
  25. In Sales transaction, we can maintain
  26. The default user that is created immdiately after creation of company in Fact is 'Admin'
  27. FACT does not support transfer of stock
  28. When FACT is installed, the group created is
  29. In Fact the accounting period can be specified for a maximum period of
  30. While entring opening balence of account, Fact autometically recognise if it is Dr. Balence or Cr. Balence…