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.
Ranjit Kumar verma
nice explane and easy methode.
Rahul Ashok Patil
Ram Raju Yewle
Very good learning application 😸
Very easy & simple language to learn. A fresher student can also learn from this platform. Thanking you sir/mam to learn about these all courses to us.
Thanks Sir for stady helping
Excellent , I think this is the perfect understanding friendly tally prime course .
My Name is Govind Sinah Add a Combine Quiz Tally and all Topic for batter knowledge
Sir in case i have already a company than how can i access it
Gouri Shanker Jangid
Sir What to do if more than 100 bills of a party are taken together in pdf.