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
Regards,
SEEMA
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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