Seven-digit alpha-numeric addresses used to represent each and every accounting classification are called

• A. Code keys
• B. Account numbers
• C. Summary records
• D. Budget codes

Answer: (C)

Accounting classifications are identified by unique codes, and those codes are gathered into a consolidated view that shows the totals by each classification. The seven-digit alpha-numeric addresses map to every classification and are stored together in summary records, which hold the aggregated data needed for reporting and control. This makes summary records the best fit because they function as the organized repository that ties each coded classification to its summarized data. The other terms refer more to the coding scheme itself, to specific accounts, or to budgeting, rather than to the consolidated view that represents all classifications together.