t's incremented. Likewise the money accounts of the money-providing and receiving agents will immediately change. Income statements, balance sheets, and cash flow reports can reflect the new changes immediately. The financial positions of each agent can always be up-to-date as of the last recorded event.</p>
<p>This article describes how to generate General Ledgers etc. from REA data using procedural code: <a href="../../linked-docs/OperationofaRelationalAccountingSystem.pdf">Operation of a Relational Accou