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Former Member
Apr 08, 2014 at 08:32 PM

bank account interest calculation

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hello guru,

i have configure all customization regarding bank account interest calculation, here my question is that i have taken loan from sbi bank 1000000 at the rate 10 %,and loan given to abc company 500000 at the rate 12% as on 01.04.2014. can i calculate interest on loan first period on 08.04.2014, whereas i am using april to march (12) period.i have mention date 01.04.2014 at OBAC,OB81,OB83,