The IBM 402 Accounting Machine prepares reports and records from punched IBM cards.

The machine reads 80-column cards, positions forms, records details, adds or subtracts, and prints any desired combination of totals.

* 88 type bars, 45 numerical and 43 alpha-numerical

* Detail printing at 80 or 100 lines per minute

* Accumulates totals at 80 or 150 cards per minute

* Major, intermediate, and minor control

* Flexible control panel

* Tape controlled automatic carriage for feeding continuous forms

* Direct subtraction or net balance counters

* Can be equipped with bill feed to print single forms