Interest on OD/C.C/Loan
ssv K (18 Points)
09 April 2018I would like to know how banks calculate interest on O.D/C.C./Loans:
On running balances or
on all transactions or
Simple interest or compound interest
CA Rashmi Gandhi
(Chartered Accountant)
(86248 Points)
Replied 09 April 2018
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)