Calculation of interest on cc limit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 November 2013
Dear Sir,
I am a senior accountant in a manufacturing co., I want to know haw is the method to calculate interest on CC limit
I am a senior accountant in a manufacturing co., I want to know haw is the method to calculate interest on CC limit
CMA Ramesh Krishnan
(Expert)
01 December 2013
It is based on the daily balance method. apply interest rate on daily balancing method. files are available at file section,you can use the same
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