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in Overview of Computerised Accounting System by (25.6k points)
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A computerised accounting software is developed for a company. In Ledger Group, Expenses are divided in to direct expenses and indirect expenses. All the possible expenses of the company are listed under these two sub headings. Appropriate identication numbers are assigned to each such items. 

1. Identify the concepts referred to this context 

2. Give explanations to each

1 Answer

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1. Grouping of Accounts and codification of Accounts.

2. Grouping of accounts means classifying the ledger accounts and organizing them under major heads of accounts.

The process of assigning codes to account groups and ledger groups is called codification of accounts.

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