Chapter 3 Principles of Coding Flashcards
1
Q
Why may a business assign account codes to their customers and suppliers?
A
for easy identification
2
Q
How do u create a code?
A
Depends but eg is BET01 for betty services
3
Q
Why would you assign codes for Products?
A
To easily identify the sales of the product and service the business provides
4
Q
How does coding help the management?
A
to generate reports and relevant info for their decision making
