We can assign opening balence to nominal account in Fact

A. True

B. False

You can do it
  1. In Fact the additional information in transaction can be added through
  2. We can Copy Master from one company to another company with ____________________ option.
  3. In Document Class the sum of the numbers in the three sagement may be less than 6
  4. FACT supports multiple godown facility
  5. It is possible to specify invoice-wise details of the opening balence of debtors in Fact
  6. New rights can be applied to
  7. FACT stores data files under FACT directory
  8. In Fact the Install date can be a date earlier than starting date
  9. In Fact while creating a company we can specify an accounting model at
  10. We can change document numbering from
  11. When FACT is installed, the group created is
  12. We can assign password to the user 'Manager' from
  13. The special account created to need cash withdrawal entris from bank is known as
  14. AR/AP stands for
  15. It is not possibe to create online ledger in Fact
  16. It is possible to maintain Memo type voucher
  17. An account with an opening balence can be deleted in Fact
  18. The User can define layout of cash flow in
  19. We can maintain multiple currency in FACT
  20. We can assign rights to the user
  21. We can assign opening balence to nominal account in Fact
  22. The default user that is created immdiately after creation of company in Fact is 'Admin'
  23. FACT supports ____ number of users
  24. We can maintain monthly budget through the option Budget under Master
  25. While entring opening balence of account, Fact autometically recognise if it is Dr. Balence or Cr. Balence…
  26. To pass a credit note we select
  27. The Adit Trail features in Fact, stores
  28. In Sales transaction, we can maintain
  29. When Fact is installed for the first time we have to enter a blank company to creat a new company
  30. The GL Account which must be created in Fact are known as