Accountancy Part COverview of Computerised Accounting System

"A system of letter or figure with arbitrary meaning for brevity and…

"A system of letter or figure with arbitrary meaning for brevity and for machine processing of information". Above statement refers to the term :

Answer & explanation

Correct answer: option 3

The correct answer is Option (3) → Code

NCERT (2026-27 edition):
Codification of Accounts – “According to Concise Oxford Dictionary, the term code means “a system of letter or figure with arbitrary meaning for brevity and for machine processing of information”. Thus, code is an identification mark.”