Recent Articles
03. Practice Checklist
Opening Done Remarks Opening balances As per above Balance Sheet and Bank Statement Setup Done Remarks Company Details Invoice Running No. : INV[YY][MM][000][UU] Next Number: 251 Supplier Running No. : SIV[YY][000] Next Number: 001 Employee Code: 01 ...
02. Bank Statement Sample
Bank Statement - UOB SGD Date Description Ref. Withdrawals Deposits Balance (SGD) Opening 19,000 CR 02/08/2025 XYZ TRADING Chq 3,000 16,000 CT 08/08/2025 ABC Trading Pte Ltd Dep 300 16,300 CR 15/08/2025 Wellness Pte LTd Chq 1,500 14,800 CR Closing ...
01. Balance Sheet Sample
Opening As of December 2024 ASSETS Amount (SGD) Current Assets Cash and Cash Equivalents (Note 1) 25,000 Accounts Receivable (Note 2) 18,000 Inventory 12,500 Prepaid Expenses 1,500 Total Current Assets 57,000 Non-Current Assets Property, Plant & ...
2.0 GST Treatment on BCRS Deposit
GST Treatment on BCRS Deposit The BCRS deposit will be collected by businesses such as GST-registered producers and retailers when bottled or canned drinks are sold, by adding the amount on top of the price of the beverage. For GST purposes, the ...
1.0 Introduction to Beverage Container Return Scheme (BCRS)
What is the BCRS? The Beverage Container Return Scheme (BCRS) is a nationwide recycling initiative by Singapore’s National Environment Agency (NEA). It encourages consumers, retailers, and producers to take part in recycling drink containers with a ...