Cash Flow Direct Method Formula

The cash flow statement direct method is based on cash receipts and cash payments. Bookkeeping systems are not designed to easily access this information in the format required and cash flow direct method formulas are required to compute receipts from sales, interest and dividends and payments for expenses, interest and income tax.

Last modified January 6th, 2023 by Michael Brown
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Bank Transaction Journal Entries

The bank transaction journal entries below act as a quick reference, and set out the most commonly encountered situations when dealing with the double entry posting of banking transactions. In each case the journal entries show the debit and credit account together with a brief narrative.

Last modified November 8th, 2019 by Michael Brown
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Accrued and Deferred Income and Expenditure Journals

The accrued and deferred income and expenditure journal entries below act as a quick reference, and set out the most commonly encountered situations when dealing with the double entry posting of accrual and deferral transactions.

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

Last modified November 26th, 2019 by Michael Brown
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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.

Last modified November 12th, 2019 by Michael Brown
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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.

Last modified December 17th, 2019 by Michael Brown
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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.

Last modified November 12th, 2019 by Michael Brown
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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.

Last modified November 12th, 2019 by Michael Brown
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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.

Last modified November 12th, 2019 by Michael Brown
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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.

Last modified November 12th, 2019 by Michael Brown
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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).

Last modified August 23rd, 2019 by Michael Brown
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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.

Last modified October 31st, 2019 by Michael Brown
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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).

Last modified January 10th, 2023 by Michael Brown
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