Question : Codification of Accounts required for the purpose of:
Option 1: Hierarichal relationship between groups amd components
Option 2: Data Processing faster and preparing of final accounts
Option 3: Keeping data and information secured
Option 4: None of the above

Question

Question : Codification of Accounts required for the purpose of:

Option 1: Hierarichal relationship between groups amd components

Option 2: Data Processing faster and preparing of final accounts

Option 3: Keeping data and information secured

Option 4: None of the above

Team Careers360 · Accepted Answer

Correct Answer: Hierarichal relationship between groups amd components

Solution : Proper codification is needed to guarantee classification is clean and to retain the hierarchical links between a group and its subgroups/components.

Hence the correct answer is option 1.

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Question : Codification of Accounts required for the purpose of:Option 1: Hierarichal relationship between groups amd componentsOption 2: Data Processing faster and preparing of final accountsOption 3: Keeping data and information securedOption 4: None of the above

Related Questions

Question : Accounts must be codified in order to:Option 1: maintain a hierarchy between groups and componentsOption 2: process data more quickly and prepare final accountsOption 3: keep data and information safeOption 4: none of the above.

Question : There is a hierarchical relationship between the _______.Option 1: groupsOption 2: componentsOption 3: Both 1 and 2Option 4: All of the above

Question : Method of codification should be - Option 1: Such that it leads to grouping of accountsOption 2: An identification markOption 3: Easy to understand and leads to grouping of accountsOption 4: None of the above

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Question : Codification of Accounts required for the purpose of:
Option 1: Hierarichal relationship between groups amd components
Option 2: Data Processing faster and preparing of final accounts
Option 3: Keeping data and information secured
Option 4: None of the above

Question : Accounts must be codified in order to:
Option 1: maintain a hierarchy between groups and components
Option 2: process data more quickly and prepare final accounts
Option 3: keep data and information safe
Option 4: none of the above.

Question : There is a hierarchical relationship between the _______.
Option 1: groups
Option 2: components
Option 3: Both 1 and 2
Option 4: All of the above

Question : Method of codification should be -
Option 1: Such that it leads to grouping of accounts
Option 2: An identification mark
Option 3: Easy to understand and leads to grouping of accounts
Option 4: None of the above

Question : Which type of relationship exist between rate of dividend and share price?
Option 1: Direct relationship
x
Option 2: Indirect relationship
Option 3: Inversely proportional relationship
Option 4: None of the above