Practicing Success
Practicing Success
CUET Preparation Today
| The method of Codification should be: |
Such that it leads to grouping of accounts An identification of mark Easy to understand To safeguard assets |
| Such that it leads to 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). |
