Yes, the software is frame-accurate. I've tested a movie file and extracted its contents to MPEG file format. Everything remained the same because I've also used the options As Original which means that it will preserver quality (bitrate, FPS, codec, etc).
In order to cut a piece from a video, you can try to start the program, select the video file from which you want to cut, select the output format, set the start and the end time and click Cut.
Yes, the software is frame-accurate. I've tested a movie file and extracted its contents to MPEG file format. Everything remained the same because I've also used the options As Original which means that it will preserver quality (bitrate, FPS, codec, etc).
However, this version of the software isn't available anymore. On the official website, the software's new name is Kate's Video Toolkit: http://www.fakewebcam.com/Free-Video-Toolkit.asp
In order to cut a piece from a video, you can try to start the program, select the video file from which you want to cut, select the output format, set the start and the end time and click Cut.