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SECTION 82 OF THE BANKRUPTCY ACT STATEMENT OF ACCOUNT OF MONEYS & PROPERTY RECEIVED PERIOD FROM: ___ TO ___ (A) BANKRUPTS INFORMATION(i) Personal Particulars Bankruptcy No.:Name:NRIC No.:Age:Educational
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01
Gather all relevant financial documents such as invoices, receipts, and payment records.
02
Create a clear header that includes your name, address, and contact information.
03
Add the date of the statement and the statement period covered.
04
List each transaction chronologically, including the date, description, and amount for each entry.
05
Clearly indicate the total amount owed at the end of the statement.
06
Include any notes or terms regarding payment deadlines or conditions.
07
Review for accuracy and completeness before sending.

Who needs statement of account of?

01
Businesses managing customer accounts and invoices.
02
Individuals seeking to track personal finances or loans.
03
Accountants and financial professionals preparing reports.
04
Banks and financial institutions requiring account summaries.
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A statement of account is a summary of financial transactions between a customer and a business, detailing all debits and credits over a specific period.
Typically, businesses that engage in financial transactions with customers are required to file a statement of account to provide clarity on the financial relationship.
To fill out a statement of account, list all transactions in chronological order, ensuring to include dates, descriptions, amounts, and account balances.
The purpose of a statement of account is to provide a clear and accurate record of all transactions for both the business and the customer, aiding in reconciliation and ensuring transparency.
A statement of account must report the customer's name, account number, transaction dates, descriptions, debits, credits, and the resulting balance.
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