Tally Prime - Complete Accounting with Tally > Interest Calculation

Bank Overdraft Interest Calculation in Tally Prime

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Interest is a legal return on investment that can be charged on loans and late payments in the business world. Simple or compound interest can be used to compute interest.

A bank OD account is a bank's current account. An over draught account occurs when a consumer draws more than his available balance. Not every current account is in overdraft. However, a draught account is a current account all over.

The company can make the journal entry by debiting the cash account and crediting the overdraft loan account when it starts using the bank overdraft (e.g. taking money from the overdraft loan).

By pressing F11 on the keyboard, you may get to the Tally Features Screen from the Tally Gateway. Enable the option to initiate interest calculation by typing 'Yes' in the company feature screen, as well as the option to keep bill-by-bill details: to the affirmative It's critical to have a plan. For a simple interest computation, set advanced parameters to No.

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Anil Ramrao Ibtewar
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good

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Ijhar ansari
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goods

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Adnan Imteyaz
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i am not able to download assignments. kindly help me out

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Suraj
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sir 120 ka 18percent kr raha hu to 21.6 aa raha hai mera to

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DEBOJEET GANGULI
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Thank You Learnvern to Tally Prime Course

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Chaitali Rangi
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Sir tally prime me voucher date change kaise kare F2 se date change kiya fir bhi nai ho rhi hai date change

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Sujeet Kumar
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SIR why showing Dr balance when payment paid to convence exp journal entry is Convence Exp dr. 5000 To cash & bank 5000

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Purnimaben Ramabhai mahera
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Good

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gopal sharma
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how you save with Ctrl+S it's the wrong shortcut for save, the right shortcut is Ctrl+A in TallyPrime

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Srinivas Msty
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Nice explanation about overall concepts explained simply

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  1. Introduction to Tally Prime
    7m 7s

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  1. Simple Interest Calculation in Tally Prime
    27m 50s
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    17m 16s
  3. Compound Interest Calculation in Tally Prime
    14m 28s
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    3m 26s

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    15m 51s
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    22m 40s
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