Coding

Question 1

Define coding

Answer 1

A code is a system of numbers, letters and symbols designed to be applied to a set of items to give a brief reference

Question 2

When is coding used

Answer 2

Within an organisation to provide an efficient and accurate way of referencing customers, suppliers, products and other accounts within the accounting system.

Question 3

Codes are used in accounting records and the accounting system, within…

Answer 3

Day books, receivables, and payables ledger and other business documents.

Question 4

Define ledger code

Answer 4

A unique reference given to different types of income, expenses, assets and liabilities..,it may be referred to as general ledger or nominal code

Question 5

Define customer account code

Answer 5

A unique reference given to each individual customer of an otganisation

Question 6

Define supplier account code

Answer 6

A unique reference given to each individual supplier of an organisation

Question 7

Define product code

Answer 7

A unique reference given to each type of product of an organisation

Question 8

What does an alphabetical code consist of?

Answer 8

Letters, order of alphabet

Question 9

What does a numerical code consist of?

Answer 9

Numbers, either ascending or descending

Question 10

What does a alphanumerical code consist of?

Answer 10

A combination of alphabetic and numeric characters

Question 11

What should invoices be coded to show?

Answer 11

Product group, type for analysis of sales/purchases
Customer/supplier account number

Question 12

What are block codes?

Answer 12

These allocate bands of numbers to particular categories

Question 13

What are significant digit codes?

Answer 13

A particular type of group classification code where individual digits and letters are used to represent features of the coded item.

Question 14

Define faceted codes?

Answer 14

Each digits gives information about an item // 1-nails

Question 15

Define decimal codes

Answer 15

Another group of classification code