CL 001, CL 002, CL 003 and so on are examples of which of the following type of Code in the context of coding scheme of Account -head in Computerized Accounting System?

Sequential Code

The correct answer is option 3- Sequential Code.

CL 001, CL 002, CL 003 and so on are examples of Sequential Code in the context of coding scheme of Account -head in Computerized Accounting System.

In Sequential Code, numbers and/or letters are assigned in consecutive order. These codes are applied primarily to source documents such as cheques, invoices, etc. A sequential code can facilitate document searches. This process enables in either identification of missing codes (numbers) relating to a particular document or a relevant document can be traced on the basis of code.