123.01 ACCOUNTING SYSTEM.

   The City shall employ a dual entry ledger accounting system, with subsidiary ledgers for all primary accounts. Subsidiary ledgers shall be maintained on, but not be limited to, the following:

   (a)   Accounts receivable;

   (b)   Accounts payable;

   (c)   Accruals for liabilities; and

   (d)   Construction accounts.

   (1970 Code Sec. 2-100)