Accounting · Computerised Accounting System
A bank has a structured numbering system where 1000 represents 'Cash and Cash Equivalents', 1100 represents 'Cash in Hand', and 1200 represents 'Balances with RBI'. What is this systematic classification and numbering technique called in a Computerised Accounting context?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Inventory Control
- 2Ledger Mapping
- 3Coding and Grouping✓
- 4Data Structuring
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Coding and Grouping
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