can get a report on the Ledger
balances for the interest
Go to Gateway of Tally> Display>
Statements of Accounts> Interest Calculations> Ledger
Select Account E.g. Bank
is re-calculated with every change in balance outstanding. The Cr in the
interest amount should not be confused to resemble an Income. It only means
that it is payable and is a Liability.
ease interest recording, Tally.ERP 9 has an interest template, a special
voucher class in Debit Note and Credit Notes.