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Home Questions WAWKSYBH8N
Target Exam

CUET

Subject

Accountancy

Chapter

Use of Spreadsheet in Business Applications

Question:

Which of the following is an example of sequential code'?

Options:

Using code "CL001" for "Accounts of XYZ Ltd"

Using code "100-199" for "Dealers of small pumps"

Using code "SJ" for "Accounts of "Sales Journal"

Using code "HQ" for "Accounts of "Headquarters"

Correct Answer:

Using code "100-199" for "Dealers of small pumps"

Explanation:

The correct answer is option 2- Using code "100-199" for "Dealers of small pumps".

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. For examples:
CL001 GCERT LTD
CL002 XYZ LTD
CL003 ARIL CORPORATION OF INDIA

In the option 2, a range of numbers (100-199) is assigned for a specific category ("Dealers of small pumps"), and the codes are assigned sequentially within that range. This sequential assignment allows for systematic categorization and organization of data or entities.

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