Journal entry

Dear Friend,

        How to check the Interest of Bank  in case of Bank Overdraft .

Replies (10)

Dear Santhosh, your question is not clear. Please clarify for our understanding.

You can check it from your overdraft account statement

purchase CCTV Camera

cctv cameras purchase for our classroom

how to entry in tally

 

Originally posted by : sanjay

cctv cameras purchase for our classroom

how to entry in tally

 


OFFICE EQUIPMENT A/C      Dr

to BANK A/C

(BEING CCTV CAMERAS PURCHASED FOR CLASSROOM)

 

Santosh, do you mean that how to verify the calculations of interest in the overdraft statement?  If that is the case ask bankers the current rate of interest they are charging and on daily product basis check the interest calculation.   I am attaching a link to some videos for CPT for your kind feedback.  Very soon I will add more videos for CPT AND IPCC.  https://www.youtube.com/user/jbsclasses

Dear Mr. Santhosh,

                                    You Can Get Bank Statement from Your Bank on Monthly Basis. Bank Rate are Clearly Given on Statemnt ....on the Basis of Statement Calculate Interest on Daily Closing Balance Basis.

Deaar Sir,

Your answer is correct to find out Interest rate from Statement but bank statement is found very late so I want to  know the Interest rate before receiving Bank statement.

Dear

You can find on the top of the Bank Statement if its SBI. The reason behind not mentioning in the statement is it may varies from time to time. To avoid all these you can searcg in google for your particular Bank.

Originally posted by : CMA RAVI




Originally posted by : sanjay






cctv cameras purchase for our classroom

how to entry in tally

 







OFFICE EQUIPMENT A/C      Dr

to BANK A/C

(BEING CCTV CAMERAS PURCHASED FOR CLASSROOM)

 

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