In hierarchy 'Characters' are the lowest. They cannot divide further.
|1 to 6||Column Numbers||1 to 3 is reserved for page number. 4 to 6 is reserved for line numbers.|
|7||Indicator||It can have (* , - , /). Asterisk(*) indicates comments, Hyphen(-) indicates continuation, Slash (/) indicate form feed.|
|8 to 11||Area A||All the COBOL divisions, sections, paragraphs and special entries must start in Area A.|
|12 to 72||Area B||All COBOL statements should start in area B.|
|73 to 80||Identification Area||It can be used by the programmer as per the need.|
Literal is a constant which is directly specified in a program with their values.