This unit introduces students to the double-entry bookkeeping system and the associated documents and processes. Students will reach the stage of extracting an initial trial balance, before any adjustments are made.

It provides students with the skills necessary to operate a manual double-entry bookkeeping system and provides a strong foundation for progression to more advanced manual and computerized activities.

Learning outcomes

  • Understand financial transactions within a bookkeeping system.
  • Process customer transactions.
  • Process supplier transactions.
  • Process receipts and payments.
  • Process transactions through the ledgers to the trial balance.