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While entring opening balence of account, Fact autometically recognise if it is Dr. Balence or Cr. Balence depanding on the type of the account

A. True

B. False

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  1. FACT does not support transfer of stock
  2. When Fact is installed for the first time we have to enter a blank company to creat a new company
  3. In Fact we have to specify the group of the ledger at the time of its creation
  4. An account with an opening balence can be deleted in Fact
  5. The default Filter in Fact is
  6. The GL Account which must be created in Fact are known as
  7. AR/AP stands for
  8. FACT stores data files under FACT directory
  9. We can assign password to the user 'Manager' from
  10. It is possible to maintain Memo type voucher
  11. In Fact if we set 'No Code Mode' to 'Yes', we will be able to specify code for the master that you creat
  12. Audit Trail facility is available in FACT
  13. Fact Support 4 Inventory valuation method
  14. The special account created to need cash withdrawal entris from bank is known as
  15. When FACT is installed, the group created is
  16. The Net Profit transferred to Balence Sheet in Fact using
  17. To create an item we can maintain measurement unit of
  18. In Fact the Install date can be a date earlier than starting date
  19. Fact has been developed by
  20. Template provides a pre-defined voucher
  21. We can assign rights to the user
  22. It is optional to enter cost centre in inventory issue
  23. While entring opening balence of account, Fact autometically recognise if it is Dr. Balence or Cr. Balence…
  24. We can maintain multiple currency in FACT
  25. We can maintain monthly budget through the option Budget under Master
  26. In Fact while creating a company we can specify an accounting model at
  27. It is possible to specify invoice-wise details of the opening balence of debtors in Fact
  28. In Fact the accounting period can be specified for a maximum period of
  29. Customised voucher numbering can be done through _______.
  30. FACT supports multiple godown facility