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Bank C.C.Account Interest

This query is : Resolved 
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(Querist)
13 May 2011 Dear All Experts

please give me valuable solution.

My boss want by me the calculation of Cash Credit Bank A/c Interest Calculation Day to Day how much he paid to Bank.In bank statement its show at the end of month,but my boss want day to day detail of interest,any solution in excel and tally format.

Warm Regards
Arshad
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RAHUL SARIA (CA, CS)

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RAHUL SARIA (CA, CS) (Expert)
14 May 2011 Interest on CC account are charged on daily closing balance by the banks. So u just need to apply the ROI applicable on the closing balance. Make a report in Excel and at the end of the day. just put the closing balance in the sheet from your online banking statement.
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Surrender

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Surrender (Expert)
17 May 2011 Daily closing balance x rate of interest / 36500
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