It is called the PROCEDURE DIVISION of the progrsm because it contains the actual instructions for processing the data.
The above program segment contains two PROCEDURE subsegments, which do the following:
(a) PROCEDURE-1 instructs the computer to in put the first or next recor,and to transfer to the END OF JOB statement after all the records have been processed.
(b)PROCEDURE-2 instructs the computer to test whether or not TOTAL-SALES exceeds $50,000, and, if it does, to output RECORD-NAME. In either case,the GO TO statement transfers control back to PROCEDURE-1 to input the next record.