BOOK I: Commerce in general.

Movements affecting the company’s assets are recorded transaction by transaction and day by day for the daybook. All accounting records specify the origin, content and allocation of each item of data as well as the references of the supporting document. Transactions of the same nature, carried out in the same place and on the same day, may be summarised on a single supporting document. Supporting documents are filed in an…

Journal entries are recorded in the general ledger and broken down according to the chart of accounts.

The daybook and general ledger are broken down into as many subsidiary journals and subsidiary ledgers as the needs of the business require. Entries made in the journals and subsidiary ledgers are centralised at least once a month in the daybook and general ledger.

The inventory is the annual check of the existence and value of all assets and liabilities at the balance sheet date. Inventory data is kept under the conditions provided for in article L. 123-22 and organised in such a way as to justify the content and valuation method of each balance sheet item.