What is the numeric code for Money Order?

What is the numeric code for Money Order?

• A. 10
• B. 15
• C. 20
• D. 25

Answer: (B)

In this system, each way of paying a fee is assigned its own numeric code to keep receipts, ledgers, and reports precise about how funds arrived. Money Order is designated with the code 15, which makes it easy to post that payment to the correct account and track it separately from other methods like cash or bank drafts. Using this specific code prevents misclassification that could disrupt reconciliation and reporting. The other codes represent different payment methods, so they don’t fit for Money Order.

In this system, each way of paying a fee is assigned its own numeric code to keep receipts, ledgers, and reports precise about how funds arrived. Money Order is designated with the code 15, which makes it easy to post that payment to the correct account and track it separately from other methods like cash or bank drafts. Using this specific code prevents misclassification that could disrupt reconciliation and reporting. The other codes represent different payment methods, so they don’t fit for Money Order.