2. Recording Transactions
From source evidence to an adjusted trial balance
2. Recording Transactions
This module separates three tasks that beginners often collapse:
| Task | Question | Control |
|---|---|---|
| Analyse | What changed economically? | Event and element reasoning |
| Journalise | Which accounts receive debits and credits? | Total debits equal credits |
| Post and adjust | What balance belongs at period-end? | Ledger, evidence and cut-off |
Chapters
- Double-entry and debit/credit: record Northstar’s first operating events.
- Accounting cycle: move the entries through a trial balance and test them in Python.
Preparation
Bring the five-event table from Equation and Elements. Do not memorise debit and credit before you can explain each event.