CUET Preparation Today
For which of the following purpose Codification of Accounts are required in Computerised Accounting System? |
Hierarchical relationship between groups and components Faster Data processing and preparing of final accounts Keeping data and information secured All of the above |
Hierarchical relationship between groups and components |
The correct answer is option 1- Hierarchical relationship between groups and components. There is a hierarchical relationship between the groups and its components. In order to maintain the hierarchical relationships between a group and its sub-groups, proper codification is required to ensure neatness of classification. |
