Tally allows you to calculate interest in two ways: in easy mode and in advanced mode. In most cases, interest is computed on past-due bills or late payments, as well as on loans. Interest is a source of income for the recipient and a source of expense for the payment.
SI = P R T, where P = Principal, R = Rate of Interest, and T = Time Period, is a formula for calculating simple interest.
Simple interest is found in monthly amortised car loans and monthly amortised retailer instalment loans; as the loan balance decreases with each monthly payment, so does the interest. CDs pay a certain amount of interest on a predetermined date, reflecting simple interest.
All topics are tech very easy launguage. Your work is very good.
sir can you pls explain electronic credit ledger me aapne 20000, 40000, 40000 kaha se liya
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