dear All,
I want to know following quations. Kindly help me in this regard
1.who is vender
2.what is statutory Report
3.what is Direct Tax and Indirect tax can I maitaine Fixed Assets Register
5.How can I prepare Ageing analysis of S. Debtors and S.Creditors
6.Mis report for Tradinf Co.
7.What is acrual of interest income and Interest income
Thanking you,

From India , Bangalore

1. Vendor mean seller
2. Statutory report is one which should be prepared & submitted as per different laws.
3. The taxes which are directly collected by persons like income tax are direct taxes & rest are indirect taxes
4. If u are working for a company it should be as per companies act, otherwise prepare a simple register showing the date, vale, item name etc.
5. Please choose a accounting software like tally, where u can get the reports depending upon ur entries.
6. Accrual of interest means the interest which is not paid in cash during the year but added to the deposit/s every year till maturity.

From India , Mumbai

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