Application of the Cosequential Model to a General Ledger Program I
The problem: To design a general ledger posting program as part of an accounting system.
The system contains:
- A journal file: with the monthly transactions that are ultimately to be posted to the ledger file.
- A ledger file containing month-by-month summaries of the values associated with each of the bookkeeping accounts.
Posting involves associating each transaction with its account in the ledger.