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This form is effective beginning with the January 1 to June 30, 2017, accounting period (2017/1) If you are filing for a prior accounting period, contact the Licensing Division for the correct form.

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How to fill out statement of account for

01

Start by gathering all the necessary financial documents, such as bank statements, receipts, and invoices.

02

Create a header for the statement of account, including the company's name, address, and contact information.

03

List the date range for the statement of account, typically covering a specific period of time.

04

Include a section for the beginning and ending balance, which represents the starting and ending balances of the account.

05

Record all the transactions that occurred during the specified period, including the date, description, and amount.

06

Calculate the total debits and credits for the account and display them separately.

07

Calculate the net balance by subtracting the total credits from the total debits.

08

Provide a summary of the account activity, such as the total number of transactions or the largest transaction amount.

09

Review the statement for accuracy and ensure all transactions are properly recorded.

10

Sign and date the statement of account before distributing it to the intended recipients.

Who needs statement of account for?

01

Statement of account is needed by various individuals and organizations, including:

02

- Individuals who want to keep track of their personal finances and monitor their expenses.

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- Businesses that want to provide a detailed record of financial transactions to their customers or clients.

04

- Banks and financial institutions that require a statement of account to assess the financial health of their customers.

05

- Auditors who need to review financial statements for compliance and accuracy.

06

- Tax authorities that require a statement of account as supporting documentation for tax declarations.

07

- Creditors or lenders who want to evaluate the creditworthiness of a borrower before extending a loan or credit.

08

- Government agencies that need to monitor financial activities for regulatory or compliance purposes.

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What is statement of account for?

Statement of account is a document that provides a summary of transactions between two parties.

Who is required to file statement of account for?

Any party involved in a business transaction may be required to file a statement of account.

How to fill out statement of account for?

You can fill out a statement of account by listing all relevant transactions and providing any necessary supporting documentation.

What is the purpose of statement of account for?

The purpose of a statement of account is to provide a clear overview of financial transactions and to ensure both parties are in agreement.

What information must be reported on statement of account for?

Information such as transaction dates, amounts, descriptions, and any applicable terms should be reported on a statement of account.

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