Days calculation ?

1051 views 3 replies

Calculation 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

WHY 31-3-2012 THIS DATE IS  NOT TAKEN IN CALCULATION & WHAT IS RESONS OF THIS????? blush

 

Regards,

SEEMA

Replies (3)

For that you contact with Tally ERP-9 Vendor/Service provider.

i think it exclude 1 march not 31 march for interest calculation.

 

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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