Sequential codes are numeric or alphanumeric codes assigned in a specific sequence. They follow an incremental order, making them useful for easy reference, classification, or organization of data.
Let's analyze the provided options to determine which represents a sequential code:
Thus, Option (2) is correct as it reflects a sequential numeric range for categorizing dealers. The range 100-199 allows assignment of codes to dealers in the order they are registered.
An example of sequential code is:
Note: Sequential codes are assigned in ascending or descending order and have no relation to the attributes of the item being coded.
List-I (Name of account to be debited or credited, when shares are forfeited) | List-II (Amount to be debited or credited) |
---|---|
(A) Share Capital Account | (I) Debited with amount not received |
(B) Share Forfeited Account | (II) Credited with amount not received |
(C) Calls-in-arrears Account | (III) Credited with amount received towards share capital |
(D) Securities Premium Account | (IV) Debited with amount called up |