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ACCOUNTS (858)
Aims:
1. To provide an understanding of the principles
of accounts and practice in recording
transactions and interpreting individual as well
as company accounts.2. To develop an understanding
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How to fill out accounts 858
How to fill out accounts 858:
01
Gather all the necessary financial documents, such as income statements, bank statements, and expense receipts.
02
Fill in the required information in each section of the accounts 858 form, including the account number, dates, and detailed descriptions of each transaction.
03
Calculate the totals and ensure that they match the corresponding figures in your financial records.
04
Review the completed accounts 858 form for accuracy and make any necessary corrections before submitting it.
Who needs accounts 858:
01
Small business owners who need to keep track of their financial transactions and generate accurate financial statements.
02
Accountants or financial professionals responsible for auditing or preparing financial reports for an organization.
03
Individuals or organizations that are required by law or regulation to maintain and submit accounts 858 forms for tax purposes or other financial reporting obligations.
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What is accounts 858?
Accounts 858 is a form used to report financial information for certain types of entities in Singapore.
Who is required to file accounts 858?
Entities that meet the criteria set by the Inland Revenue Authority of Singapore are required to file accounts 858.
How to fill out accounts 858?
Accounts 858 can be filled out electronically through the IRAS website or manually by submitting a physical copy of the form.
What is the purpose of accounts 858?
The purpose of accounts 858 is to provide the IRAS with financial information that is used for tax assessment purposes.
What information must be reported on accounts 858?
Entities must report details of their income, expenses, assets, liabilities, and other financial information on accounts 858.
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