Is there a way to carve shapes out of a solid object?

I’m trying to make a tombstone, and I want the writing on it to be realistically carved in the stone. Does blender have a way to subtract one object (3d lettering) out of an other object (the tombstone)?

Thanks.

Boolean modifier http://wiki.blender.org/index.php/Doc:2.6/Manual/Modifiers/Generate/Booleans
Sculpt tools http://wiki.blender.org/index.php/Doc:2.6/Manual/Modeling/Meshes/Editing/Sculpt_Mode
Displace modifier http://wiki.blender.org/index.php/Doc:2.6/Manual/Modifiers/Deform/Displace

watch these videos, i hope it may help


Boolean modifier

retopo / surface snapping also useful

This one is a bit different method - http://www.youtube.com/watch?v=O0mkoMkEbc0

I think what everyone is trying to say is, it may be possible.