Practicing Success
Practicing Success
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. |
There is a hierarchical relationship between the accounting 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. |
