Which portion indicates the Transaction Type on the identification number?

• A. Digits 1-2 on unique identification number
• B. Digits 3-4 on unique identification number
• C. Payment
• D. Amount

Answer: (B)

In a structured identification number, different sections are assigned to carry specific pieces of information. The Transaction Type is placed in a fixed position so staff can quickly identify what kind of transaction it is by looking at that part of the code, without needing to parse the entire number. The middle two digits are reserved for this purpose, so they directly indicate the type. The first two digits usually carry other information (like office or year), and the remaining digits serve as a unique sequence. Payment and Amount are separate fields in the transaction record and do not encode the transaction type. So the portion that indicates the Transaction Type is the middle two digits.