Dear All,
How can we calculate the Bank OD ineterst correctly with the bank statement.Can anyone
give me answer with formula,in steps.Please...
Arun Raj R
ARUN RAJ R (Accountant) (24 Points)
16 January 2014Dear All,
How can we calculate the Bank OD ineterst correctly with the bank statement.Can anyone
give me answer with formula,in steps.Please...
Arun Raj R
ARJUN ASHOK
(CA Industrial Trainee)
(125 Points)
Replied 17 January 2014
frnd,
Int on bank od will be charged seperately in the statement. most probably int is charged on the last day of the month.
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