If the processing continues to the last ACCEPT/REJECT statement, the last statement will determine whether the record is accepted or rejected.
Processing of individual ACCEPT/REJECT statements is straightforward, but Diptisaini's quote is from the manual section "Processing of Multiple ACCEPT/REJECT Statements."
A series of individual ACCEPT/REJECT statements (non-consecutive, separated by other statements) is treated like multiple logical criteria joined with ANDs, as you would expect. Contiguous/consecutive ACCEPT/REJECT statements are processed as though they were a single compound IF with the criteria separated with ORs.
ACCEPT IF CITY = 'Cairo'
ACCEPT IF GENDER = 'M'
ACCEPT IF AUTO = 'Honda'
If the CITY field contains "Cairo", the record is accepted, and there is no need to test the GENDER and AUTO fields.
If the CITY is not Cairo, then the GENDER field is tested. If it contains "M", the record is accepted and the AUTO field is not tested.
If the first two criteria are false, then the record will be accepted or rejected based on the contents of the final criterion - the AUTO field.