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All (Journals (Cash (Cash disbursement, Cash receipt), Accural (Sales,…

- - - - Divisions don't take away from organization as a whole or other divisions
    - - Profit must be separate to efficiently make decisions
    - - Divisions are accountable only for the capital they control
- - - - Profit account
        
        Nominal account
      - Capital account
        
        Real account
- - - - Require better accounting to distinguish profit from capital
- - - - Dr. A/R and Cr. Sales
      - Books only entry
        
        Dr. Sales (or miscellaneous expenses) Cr. A/R
    - - Dr. Cash Cr. A/R
    - - Ending balance on A/R sub ledger will be 0 for that invoice