Which of the following is the main objective of a particular Method of Codification?

Proper grouping of accounts. Ensures an identification mark. Easy to understand, cryptic, and leads to grouping of accounts All of the above

Proper grouping of accounts.

The coding scheme of Account-heads should be such that it leads to grouping of accounts at various levels so as to generate Position Statement (Balance Sheet) and Statement of Profit and Loss (Profit-Loss Account).