could anyone explain
How do you calculate the closing balance of the Intrest column...
thanks
1 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 18 August 2012
Interest outstanding at the beginning of the year. Add interet receivable on accrued basis during the year. Deduct any interest actually received during the eyar. The balance wold be closing balance.
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