Friends, Sometime back, it was explained that Tally can calculate Interest automatically. Interest calculation in tally generally requires at the end of the Financial Year to calculate Interest on Unsecured Loan etc. Steps for checking of interest calculation in Tally is given as under :-
Gateway of Tally > Display Menu > Statement of Accounts > Interest Calculations
Press 4 times enter or follow the Steps given by tally, the following screen will be appeared.
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