Business, Legal & Accounting Glossary
An account designator, especially one that is not numeric.
An account code is a number given to an account to form a chart of accounts. Each digit in the code represent a feature; for example: type of asset, location, maintaining department, etc.
When accounts are designated by numbers, the synonymous term account number is more common. The term account code is principally used when accounts designators are non-numeric, for example if they use both letters and numbers.
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This glossary post was last updated: 17th April, 2020 | 215 Views.