Seema (Jr. Accountant) (91 Points)
14 April 2012Calculation of interest on capital A/c
Suppose, amount taken as on 1-3-2012 from directors.
As per above example days calculation is 1-3-2012 to 31-3-2012 = TOTAL 31 DAYS
But in Tally. ERP 9 days calculation is 1-3-2012 to 31-3-2012 = TOTAL 30 DAYS
IN TALLY.ERP 9 date of 31-3-2012 has not taken i.e. The calculation is 1-3-2012 to 30-3-2012= TOTAL 30 DAYS
Regards,
SEEMA
prateek aanchalia
(CA)
(859 Points)
Replied 14 April 2012
For that you contact with Tally ERP-9 Vendor/Service provider.
prateek aanchalia
(CA)
(859 Points)
Replied 14 April 2012
i think it exclude 1 march not 31 march for interest calculation.
Seema
(Jr. Accountant)
(91 Points)
Replied 14 April 2012
Thanks for suggestion.
No sir, 31 March is excluded not 1st March following is example based on Tally .ERP9
| Balance | From: | To: | Total Days | Rate % | Interest |
| 305000.00 Cr | 05/03/2012 | 29/03/2012 | 24 days | 12 % | 2406.58 Cr |
| 405000.00 Cr | 29/03/2012 | 31/03/2012 | 2 days | 12 % | 266.30 Cr |
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