.................... means “a system of letter or figure with arbitrary meaning for brevity and for machine processing of information”.
Answer & explanation
Correct answer: option 1
The correct answer is option 1- Code.
According to Concise Oxford Dictionary, the term code means “a system of letter or figure with arbitrary meaning for brevity and for machine processing of information”. Thus, code is an identification mark.
OTHER OPTIONS
- Revenue means inflow of resources, which results from the sale of goods or services in the normal course of business and increase in capital.
- Expenses imply consumption of resources in generating revenues.
- An account is a record used to track and summarize financial activities related to a specific item, such as cash, sales, expenses, assets, or liabilities.