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In both the situation we need to calculate the interest accurately. Set the option activate interest calculation to yes. You dont need to reenter these details from the bill portal. Tally expert is indias leading authorized partner for tally software and tally services. All managing and business activities manage it with easy and. Since the interest amount was charged to the party on 28 th feb 2009, interest is calculated for 1 day and will show rs. Interest can be calculated on the basis of simple or compound interest. Automatic interest calculation for various accounts like receivable, payable.
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