**Answer**
The invoice raised to Blue Nile Stationeries
is as follows: Date of voucher 1^{st} Feb., 2009; Due date of
the invoice Feb.28, 2009. The interest parameter is therefore set as shown
below:
**[5-8A]**
In the above interest parameter setting,
though the Due date of the invoice is Feb.28, the applicability of interest
calculated is set after 5 days, i.e.the interest is calculated from March
5, instead of Feb.28.
To
view the report:
Go
to **Gateway of Tally > Statements
of Accounts > Interest Calculations > Ledger > Blue Nile Stationeries**
**[5-8B]**
The Interest amount can
be rounded off, by enabling the following:
**[5-8C]**
*Note:** The limit for the rounding value needs to be set by the
user. For example, 1 will round off to Re.1, if limit is set to 10, the
rounding off will be done for Rs.10.*
In cases where the
option Downward Rounding is selected, irrespective of the fraction value, the
amount is rounded downwards. In the above example, the amount is rounded off to
Rs.1084.
In cases where the
option Normal Rounding is selected, the fraction value above 50 paise is
rounded off to the next rupee and vice versa. The above example gives the value
Rs.1085.
Similarly, when the
option Upward Rounding is selected, irrespective of fraction value, the amount
is rounded upwards. The above example gives the value Rs.1085 |