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.

# Tag: References

## Accounts Payable Internal Controls

## Purchase Transaction Journal Entries

## Preferred Stock Journal Entries

## Term Deposit Journal Entries

## Excel DB Function

## 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 SLN Function

## 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.

## Partnership Journal Entries

## 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.