If the Initial name of a company is "PQR", the company data will be stored in





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  1. In Fact we have to specify the group of the ledger at the time of its creation
  2. In Fact the accounting period can be specified for a maximum period of
  3. The Adit Trail features in Fact, stores
  4. To pass a credit note we select
  5. The GL Account which must be created in Fact are known as
  6. In Sales transaction, we can maintain
  7. It is not possibe to create online ledger in Fact
  8. The default user that is created immdiately after creation of company in Fact is 'Admin'
  9. We can insert a new page while designing P/L Layout by using
  10. It is possible to maintain Memo type voucher
  11. AR/AP stands for
  12. Customised voucher numbering can be done through _______.
  13. To create a group while creating P/L Layout we have to press
  14. Audit Trail facility is available in FACT
  15. Fact has been developed by
  16. It is optional to enter cost centre in inventory issue
  17. In Fact while creating a company we can specify an accounting model at
  18. When Fact is installed for the first time we have to enter a blank company to creat a new company
  19. We can assign rights to the user
  20. Template provides a pre-defined voucher
  21. The Net Profit transferred to Balence Sheet in Fact using
  22. In Fact the Install date can be a date earlier than starting date
  23. While entring opening balence of account, Fact autometically recognise if it is Dr. Balence or Cr. Balence…
  24. It is possible to specify invoice-wise details of the opening balence of debtors in Fact
  25. We can maintain monthly budget through the option Budget under Master
  26. Fact Support 4 Inventory valuation method
  27. CHECK Cost centre is used for maintaining branch accounting
  28. FACT stores data files under FACT directory
  29. In Fact if we set 'No Code Mode' to 'Yes', we will be able to specify code for the master that you creat
  30. An account with an opening balence can be deleted in Fact