Adjusting Entries Examples

The adjusting journal entries below act as a quick reference, and set out the most commonly encountered situations when dealing with the double entry posting of adjusting entry transactions.

In each case the journal entries show the debit and credit account together with a brief narrative.

Adjusting Entries Examples March 23rd, 2017Team
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Internal Control Procedures for Accounts Receivable

Internal controls for accounts receivable are used to reduce the risk of fraud and error in the accounts receivable process. The purpose of the accounts receivable internal control checklist is to ensure that valid sales invoices are properly recorded and that customers pay promptly.

Internal Control Procedures for Accounts Receivable January 20th, 2017Team
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Accounts Payable Internal Controls

Internal controls for accounts payable are used to reduce the risk of fraud and error in the accounts payable process. The purpose of the internal controls is to ensure that only valid supplier invoices are paid.

Accounts Payable Internal Controls January 17th, 2017Team
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Purchase Transaction Journal Entries

The purchases transactions journal entries below act as a quick reference, and set out the most commonly encountered situations when dealing with the double entry posting of purchase transactions.

In each case the journal entries show the debit and credit account together with a brief narrative.

Purchase Transaction Journal Entries November 6th, 2016Team
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Preferred Stock Journal Entries

The preferred stock journal entries below act as a quick reference, and set out the most commonly encountered situations when dealing with the double entry posting of preferred stock transactions.

In each case the journal entries show the debit and credit account together with a brief narrative.

Preferred Stock Journal Entries November 6th, 2016Team
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Term Deposit Journal Entries

The term deposit journal entries below act as a quick reference, and set out the most commonly encountered situations when dealing with the double entry posting of fixed term deposits.

In each case the journal entries show the debit and credit account together with a brief narrative.

Term Deposit Journal Entries November 6th, 2016Team
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Excel DB Function

The Excel DB function is one of many Excel financial functions, and can be used to calculate the declining balance depreciation of a long term asset. It has the syntax DB (cost, salvage, life, period, month).

Excel DB Function November 6th, 2016Team
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Excel DDB Function

The Excel DDB function is one of many Excel financial functions, and can be used to calculate the declining balance depreciation of a long term asset. It has the syntax DDB (cost, salvage, life, period, factor).

By setting the factor parameter to either one or two, the function can be used to calculate either the declining balance depreciation or the double declining balance depreciation.

Excel DDB Function November 6th, 2016Team
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Excel SLN Function

The Excel SLN function is one of many Excel financial functions, and can be used to calculate the straight line depreciation of a long term asset. It has the syntax SLN (cost, salvage, life).

Excel SLN Function November 6th, 2016Team
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Bank Reconciliation Journal Entries

The bank reconciliation statement journal entries below act as a quick reference, and set out the most commonly encountered situations when dealing with the double entry posting relating to bank reconciliations.

In each case the bank reconciliation journal entries show the debit and credit account together with a brief narrative. For a fuller explanation of journal entries, view our examples section.

Bank Reconciliation Journal Entries November 6th, 2016Team
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Partnership Journal Entries

The partnership journal entries below act as a quick reference, and set out the most commonly encountered situations when dealing with the double entry posting relating to partnership accounts.

Partnership Journal Entries November 6th, 2016Team
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Growing Annuity Payment Formula FV

This growing annuity payment formula FV calculates the initial annuity payment required to provide a given future value FV using a growing annuity. The growing annuity payment formula assumes payments are made at the end of each period for n periods and are growing or declining at a constant rate (g), and a discount rate i is applied.

Growing Annuity Payment Formula FV November 6th, 2016Team
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