The database now contains an empty prototype ledger table so the accounting architecture can be designed before any financial transaction is possible. Build 10 provides no public or administrator control for posting money.
No cash ledger entry. Face value remains a coded nominal future amount only.
Only after verified settlement would a production ledger recognise cash and the corresponding bond liability under the final accounting treatment.
Interest would begin only under the final contract and accounting policy. Build 10 records £0 interest.
A production ledger would reconcile principal repayment against the liability and payment evidence.
| Economic event | Debit | Credit | Build 10? |
|---|---|---|---|
| Latent record created | None | None | Yes — no financial posting |
| Future funded issuance | Cash / settlement asset | Bond liability | No |
| Future interest expense accrued | Interest expense | Interest payable / cash | No |
| Future principal redeemed | Bond liability | Cash | No |