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FACT stores data files under FACT directory

A. True

B. False

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  1. When Fact is installed for the first time we have to enter a blank company to creat a new company
  2. CHECK Cost centre is used for maintaining branch accounting
  3. The default user that is created immdiately after creation of company in Fact is 'Admin'
  4. The 'Bill Terms' option in Fact is used to record
  5. To pass a credit note we select
  6. FACT stores data files under FACT directory
  7. In Fact while creating a company we can specify an accounting model at
  8. We can maintain monthly budget through the option Budget under Master
  9. New rights can be applied to
  10. In Fact the default user name is
  11. The Adit Trail features in Fact, stores
  12. It is possible to maintain Memo type voucher
  13. We can assign rights to the user
  14. While entring opening balence of account, Fact autometically recognise if it is Dr. Balence or Cr. Balence…
  15. In Fact the Install date can be a date earlier than starting date
  16. FACT supports ____ number of users
  17. We can change document numbering from
  18. The Net Profit transferred to Balence Sheet in Fact using
  19. To create a group while creating P/L Layout we have to press
  20. If the Initial name of a company is "PQR", the company data will be stored in
  21. The special account created to need cash withdrawal entris from bank is known as
  22. We can assign opening balence to nominal account in Fact
  23. Customised voucher numbering can be done through _______.
  24. FACT supports multiple godown facility
  25. The GL Account which must be created in Fact are known as
  26. We can maintain multiple currency in FACT
  27. When FACT is installed, the group created is
  28. It is possible to specify invoice-wise details of the opening balence of debtors in Fact
  29. We can assign password to the user 'Manager' from
  30. To create an item we can maintain measurement unit of