Profit and Loss

Profit & Loss statement
Kyas

Acc. start month: Mar-2024
Acc. period Q01: Mar-2024 to May-2024
Acc. period Q02: Jun-2024 to Aug-2024
Acc. period Q03: Sep-2024 to Nov-2024
Acc. period Q04: Dec-2024 to Feb-2025

Under the law, business owners have to prepare statement of accounts so that their business income and expenses can be readily determined.

The information will also be useful for you to know whether your business is making a profit or a loss. In addition, you will be able to report your income in the tax return easily during tax filing period if you have prepared your statement of account

Kyas basis period starts on 1st of Mar2024. The assesement year is in 2026

For more detail, click to IRAS.

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Invoice directory here here = Kyas/invoices/2024/
Jul2024
Invoice month direct count = 3
Purchase directory here here = Kyas/purchaseclaims/2024/

Sales
Date	Invoice no.	Buyer	Sub-Total
Invoices -
Credits -
		Total:	$ 0
Cost of Goods sold
Opening Stock -
Model	Description	Opening quantity	Cost of Good	Total
New honey	description	20	cog	inside float check 0
model	description	23	cog	inside float check 0
			Total:	0
Stock purchases -
Date	Invoice no.	Buyer	Sub-Total