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easyMCQCUET Accountancy 2023 28 May Shift 12026Accountancy
3 attempts0% success rate1 mark

Which of the following best describes the primary purpose of accounting codification?

  1. A
    To secure the accounts, reports, etc.
  2. B
    Easy to process data, keeping proper records
  3. C
    The encryption of data
  4. D
    The generation of mnemonic code

Solution & Step-by-step Explanation

Codification assigns structured numbers or alphabetic symbols to ledger groups (e.g., assets, liabilities). Its main purpose is to make data processing fast, systematic, and scalable, which helps maintain accurate, searchable computerized records.

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Which of the following best describes the primary purpose of accounting codification?
A
To secure the accounts, reports, etc.
B
Easy to process data, keeping proper records
C
The encryption of data
D
The generation of mnemonic code

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Computerised AccountingOverviewStructural Codification

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