Which of the following statement is true?

All of these

The correct answer is option 4- All of these.

All of the above statements are true.

In Computerised Accounting System, accounting transactions are processed using computer system. Coding (for Account Head, Budget Head, Cost Centres, etc) is required in CAS. Coding first requires development of its structure. Coding Structure should be compatible with inherent structure of the element to be coded. For example, Account Head coding requires a hierarchical structure to progressively summarise the accounting information as per the requirements of Balance Sheet and Profit and Loss Account.