Sequential codes:
Here numbers or alphabets are assigned in consecutive order. These codes are applied primarily to source documents such as cheques, invoices, etc.
Example:
1) Name of customers
| Code |
Accounts |
| CU001 |
Akhil |
| CU002 |
Fijo |
| CU003 |
Joshy |
2) Name of suppliers
| Code |
Accounts |
| 001 |
ABC Ltd |
| 002 |
PQR Ltd |
| 003 |
XYZ Ltd |
