CourseHES 201

Week6 of 16

SemesterII

TutorOnline in the course chat

This week’s topics

Double entry: debits and credits

Every transaction has two sides
T-accounts

What you will be able to do

2.2 Record simple transactions using double-entry principles.

Activity

Record five transactions in T-accounts.

Study materials

Further resources

Principles of Accounting Vol. 1, ch. 3.5: Journal entries and T-accounts · PDF · OpenStax (2019), debits and credits; pp. 123–145 · for registered students
Introduction to Business 2e, ch. 14.3: Basic accounting procedures (double entry) · PDF · OpenStax (2026); pp. 480–483 · for registered students
On Double-Entry Bookkeeping: The Mathematical Treatment · Open-access article · Ellerman (2014), Accounting Education. Tutor reading on why every transaction has two sides and how T-accounts balance. · for registered students

Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.

Week 5 Week 7

Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal

Course plan

Week 1: Why businesses keep financial records
Week 2: Who uses accounts?
Week 3: Income, expenses and profit
Week 4: Assets, liabilities and capital
Week 5: The accounting equation
Week 6: Double entry: debits and credits
Week 7: Recording sales, purchases and cash
Midterm: Midterm evaluation
Week 9: The income statement (profit and loss)
Week 10: The balance sheet
Week 11: Profit is not the same as cash
Week 12: Cash flow forecasts
Week 13: Ratios: how profitable is the business?
Week 14: Ratios: can the business pay its bills?
Week 15: Review and coursework completion
Final: Final assessment and submission

Back to the course