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Nairaland Forum / Nairaland / General / Career / How To Calculate Interest On Overdraft (1023 Views)
How Can I Calculate The Personal Income Tax As Amended 2012 / Accounting For Overdraft (2) (3) (4)
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How To Calculate Interest On Overdraft by sheis: 1:30pm On Aug 04, 2014 |
Hello house, i have been trying to calculate the interest on an overdraft here but i keep arriving at a figure different from what my bank has charged as interest. I know interest is calculated daily on the closing overdrawn balance and accumulated till the end of the month to be charged monthly. I have done this and i still have a wrong figure. Please, what am i doing wrong here? Can anyone explain how to calculate this accurately? Thank you. |
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