My Client one of unsecure loan showes Dr balnce 1.4.23 opning 14lakh40 thsand then at the time of 31.3.24 shows Dr balnce 770000/- show how can I calculate interest on this please elabrat with specafic detailes thanks 🙏 in advanc
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Quick Summary
This discussion focuses on calculating interest for an unsecured loan. The user provided opening and closing Dr balances for a specific period and is seeking detailed instructions on how to calculate the interest accrued. Another user has pointed out that transaction details and dates are crucial for an accurate calculation.