Cash Credit Interest Calculation by CA. Pankaj Deshpande
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This video explains how interest is calculated on a cash credit account in a bank.
Пікірлер: 281
Excellent and crystal clear explanation
@djaj38
3 жыл бұрын
I think you are a CA student
Thank u for sharing this video, request you to please share video about how to read cc/ tl bank statement of a company
Very good information....Sir 👍👍👌👌
so much informative
Thanks 😊 sir👍 Very important video
Crisp and to the point..You couldn't have explained this any better. May I also request you to post a separate video on Home Loans with Overdraft facility and how it works?
@IndradhanuAcademy
3 жыл бұрын
Sure ! Thank you for your feedback. You may connect with me live in Accounting Friend Lecture Series. Click here to register for free. accountingfriend.indradhanu.info
sir..please tell how to caculate effective interest rate here..and when we ask customer "what is your average working capital debt utilisation?"..what does that mean?
Clear and crisp explanation 👍🏻. thank you sir
@IndradhanuAcademy
2 жыл бұрын
Thank you for your feedback. For understanding such matters in detail, you can connect with me live in Accounting Friend lecture series on every Sunday morning at 11 am. So far 105 sessions are completed on 105 new topics. Click here to register. accountingfriend.indradhanu.info
Thank you sir ... You made it simple ..... Hope to see lots of these informative videos....
@IndradhanuAcademy
2 жыл бұрын
You can also attend my live training sessions. We run weekly live lecture series on every Sunday morning. So far 92 sessions are completed. Click here to register for free. accountingfriend.indradhanu.info
I am impressed sir very nice explanation.
@IndradhanuAcademy
4 жыл бұрын
Thanks
Good job sir Allah blessed you
Wow bahut badhiya knowledge diya hai sir cash credit account se pure confusion solve ho gaye is video mein thank you so much for this information
@IndradhanuAcademy
Жыл бұрын
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Superbly explained. Thank u sir
@IndradhanuAcademy
2 жыл бұрын
Thank you for your feedback. You can connect with me live in Accounting Friend lecture series on every Sunday morning at 11 am. Click here to register for free. accountingfriend.indradhanu.info
Very good Sir inrest samjhne ke liy.
@IndradhanuAcademy
3 жыл бұрын
Thank you for your feedback. You can connect with me live in Accounting Friend lecture series on every Sunday morning at 11 am. This Sunday it will be session number 90. Click here to register for free. accountingfriend.indradhanu.info
शानदार और विनम्र..।
@IndradhanuAcademy
4 жыл бұрын
Thank you.
great job sir lz continue awesome videos gr8 teaching skills u ve
@IndradhanuAcademy
3 жыл бұрын
Thank you for your feedback.
Really a very nice information Thanks a lot
@IndradhanuAcademy
3 жыл бұрын
Most welcome
Very informative... Thanks
@IndradhanuAcademy
3 жыл бұрын
Welcome
Thanks great information
@IndradhanuAcademy
3 жыл бұрын
Your support motivates me to create more such videos.
At the end of 1st month Interest pe interest 12% + Same calculation for next 2nd month interest = final interest ..........sir, plss solve it is this right .....
You are great very clear explanation 👌
@IndradhanuAcademy
2 жыл бұрын
Thank you for your feedback and support. You can connect with me live in Accounting Friend lecture series. So far 108 sessions have been conducted on 108 different topics. Click to to register for free. accountingfriend.Indradhanu.Info
Sir ji agr hume subh CC use kiya or saam ko deposit kar diya to kya intrest lagega ???
Much needed knowledge thank you sir
@IndradhanuAcademy
3 жыл бұрын
Welcome
Thanks
Ye jo deposit karna hai kis account mai karna hai current account mai ya cc account mai
Thank you sir
@IndradhanuAcademy
3 жыл бұрын
Most welcome
Sir abhi jo aap details diye hai , ye hua current month ka ,,, iske baad bale month me Intrest pe intrest kaise lagta hai
Awesome.....
@IndradhanuAcademy
3 жыл бұрын
Thank you for your feedback. You can connect with me live in Accounting Friend lecture series on every Sunday morning at 11 am. Click here to register for free. accountingfriend.indradhanu.info
Thank you sir Good explanation
@IndradhanuAcademy
3 жыл бұрын
Most welcome
Dear sir Can u provide me a formula how to calculate
can we find rate of interest?
Thanks for info sir
@IndradhanuAcademy
4 жыл бұрын
I am happy to know that I am able to add some value to your knowledge.
omg❤️❤️...tq so much 🥰
@IndradhanuAcademy
2 жыл бұрын
Welcome. You can connect with me live in Accounting Friend lecture series on every Sunday morning at 11 am. So far 91 sessions are completed. Click here to register for free. accountingfriend.indradhanu.info
Very nice explanation sir.
@IndradhanuAcademy
3 жыл бұрын
Thank you Kritika
Sir interest calculation me jo positive balance hai uska interest 0 kon se fourmula se aaya hai Please sir bta dijiye
Sir cc limit 10 lac h or isko inhance 15 lac krte h to 5 lac Kaise show hoga accounting m
Very Good Explanation
@IndradhanuAcademy
4 жыл бұрын
Thank you
Sir Mera eak confusion hai please help me ..mai NY cc 6 lakh hai .mai NY agr eak Month tak ismai koyi paisa nahi NikalA TOU MUJY KOYI CHARGES DAINA HOGA KYA?
Thank you sir ji
@IndradhanuAcademy
2 жыл бұрын
Welcome ji. You can connect with me live in Accounting Friend lecture series on every Sunday morning at 11 am. Click here to register for free. accountingfriend.indradhanu.info
How to make this type of excel sheet?
Bohot achha explanation
@IndradhanuAcademy
2 жыл бұрын
Thank you for your feedback. You can connect with me live in Accounting Friend lecture series on every Sunday morning at 11 am. So far 93 sessions are completed. Click here to register for free. accountingfriend.indradhanu.info
Thanks sir
@IndradhanuAcademy
3 жыл бұрын
Your support motivates me to create more such videos.
Very nice explaintion
@IndradhanuAcademy
3 жыл бұрын
Thank you. Your support motivates me to create more such videos.
Amazing
@IndradhanuAcademy
4 жыл бұрын
Thank you.
Agar 10 lakh cc se nikal liya 2 month ke liye to kitna interest ayega
Excellent sir
@IndradhanuAcademy
3 жыл бұрын
Thank you
Nice explanation Sir
@IndradhanuAcademy
3 жыл бұрын
Thank you
Great👌
@IndradhanuAcademy
3 жыл бұрын
Thank you.
Bahut badhiya
@IndradhanuAcademy
2 жыл бұрын
Thank you for your feedback. You can connect with me live in Accounting Friend lecture series on every Sunday morning at 11 am. Click here to register for free. accountingfriend.indradhanu.info
Thnks
@IndradhanuAcademy
2 жыл бұрын
Welcome. You can connect with me live in Accounting Friend lecture series on every Sunday morning at 11 am. So far we have conducted 91 sessions. Click here to register for free. accountingfriend.indradhanu.info
Good explanation. Please explain interest on interest calculation during covid (moratarium) period.
Current account और cash credit account में फर्क क्या हे?
Very good explanation
@IndradhanuAcademy
2 жыл бұрын
Welcome. You can connect with me live in Accounting Friend lecture series. Click here to register for free. accountingfriend.indradhanu.info Today, it was session number 110
Sir mera sawal ye h ki jese aaj mene sam 5 pm ko 500000 cc account me jma krwaye or dusre din mornig ko 11 am pe wapis nikal liye to kya 500000 ka 1 day ka interest nhi lgega ya koi 24 hovers ka rull hota h plz sir btaye
@IndradhanuAcademy
4 жыл бұрын
Interest is charged on closing balance for each day and not on hourly basis. If you withdraw Rs. 5.00 lakhs, your day end balance is Rs. 5.00 and interest will be charged on this day end balance. If you deposit Rs. 5.00 lakhs on next day, your day end balance shall be zero and hence no interest will be charged on next day.
Wonderful
@IndradhanuAcademy
2 жыл бұрын
Thank you for your feedback.. For understanding such matters in detail, you can connect with me live in Accounting Friend lecture series on every Sunday morning at 11 am. So far 105 sessions are completed on 105 new topics. Click here to register. accountingfriend.indradhanu.info
बहोत बढिया समजाया सर आपने. रोज का interest बताने वाला mobile apps है क्या कोई सर बताये
@IndradhanuAcademy
4 жыл бұрын
You can calculate it in tally or excel. No app needed.
👌👌thnx sir
@IndradhanuAcademy
3 жыл бұрын
Welcome
Awesome
@IndradhanuAcademy
3 жыл бұрын
Thank you for your feedback
Excellent sir g
@IndradhanuAcademy
2 жыл бұрын
Thank you. You can connect with me live in Accounting Friend lecture series on every Sunday morning at 11 am. Please click here to register for free. accountingfriend.indradhanu.info
Very good sir..
@IndradhanuAcademy
3 жыл бұрын
Thank you for your feedback. You can connect with me live in Accounting Friend lecture series on every Sunday morning at 11 am. Click here to register for free. accountingfriend.indradhanu.info
Towards the end 30 ka month means?? If I take your example and take only first transaction and then it’s repayment next day and no fund is used for remaining days so interest would be charged for only 1 day that is 49 rupees only. Days 30 wala kya bola aapne….it will 1 day in that case.
Good explanation
@IndradhanuAcademy
3 жыл бұрын
Thank you for your feedback. You may connect with me live in Accounting Friend lecture series on every Sunday morning at 11 am. Please register at accountingfriend.indradhanu.info for free.
👍👍
Sir if I withdraw from cc at 11 am Nd deposited the same at 11pm on same day wt LL be the effect....
@IndradhanuAcademy
4 жыл бұрын
No interest will be charged as interest is charged on day end balance.
Sandar vedio
@IndradhanuAcademy
2 жыл бұрын
Thank you for your feedback. You can connect with me live in Accounting Friend lecture series on every Sunday morning at 11 am. So far 90 sessions are completed. Click here to register for free. accountingfriend.indradhanu.info
Nice video
@IndradhanuAcademy
4 жыл бұрын
Thank you
Sir plz make vedio of od account
excellent
@IndradhanuAcademy
2 жыл бұрын
Thank you for your feedback. You can connect with me live in Accounting Friend lecture series on every Sunday morning at 11 am. So far 90 sessions are completed. Click here to register for free. accountingfriend.indradhanu.info
very nice sir
@IndradhanuAcademy
3 жыл бұрын
Thank you for your feedback. You may also join our live sessions on every Sunday morning at 11 am. Click here to register. accountingfriend.indradhanu.info
Sir what about same day payment and receipt
@IndradhanuAcademy
3 жыл бұрын
Interest is charged on closing balance for the day. Intra day transactions are not considered for interest Calculation. If you withdraw Rs. 1 crore and deposit it again on the same day, no interest will be charged.
Nice information
@IndradhanuAcademy
3 жыл бұрын
Thank you for your feedback. You can connect with me live in Accounting Friend lecture series on every Sunday morning. Click here to register for free. accountingfriend.indradhanu.info
Nice video ❤️
@IndradhanuAcademy
Жыл бұрын
Thank you. You can connect with me live in Accounting Friend lecture series. So far we have completed 110 sessions on 110 different topics. Click here to register for free. accountingfriend.indradhanu.info
Sir agar ek din mein paise withdraw Kar ke phir se usi din deposit Kar deye to Kitna interest lagega ????
@IndradhanuAcademy
4 жыл бұрын
Interest is charged on closing balance of a particular day. You may deposit and withdraw any amount any number of times. Closing balance for the day only is considered for calculating interest.
Thank You Soooooo Much Sir. Sir agar koi Same day 1lakh nikal kar usi din Deposit kar de to kitna Intrest dena padega.
@IndradhanuAcademy
3 жыл бұрын
Zero. Interest is calculated on closing balance for the day. You may withdraw Rs. 1 crore. But if deposit it back on the same day, no interest will be charged.
sir agar april me humne koi paise nahi dale hote or same credit may me bhi dua rehta pura mahine to kaise intrest lagta kitna kagta ???
@IndradhanuAcademy
Жыл бұрын
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Sir jab previous month ka interest pay kar denge to interest per interest kyo lagega? Plz Explain
@IndradhanuAcademy
3 жыл бұрын
If interest is paid on the day on which it is charged by bank, then you are right. No interest will be charged on interest.
Very well explained....clear and to the point........EXCELLENT
Sir Next Month interest calculation me april ke din bhi calculate karne honge ?
@IndradhanuAcademy
4 жыл бұрын
No. Interest Calculation is done monthly basis. When we are calculating for May 20, previous months are not considered.
Sir CC account ke interest pr next month main jo interest lagega uska calculation kiasa hoga means interest on Interest Calculation
@IndradhanuAcademy
2 жыл бұрын
Yes. Interest is calculated on daily balance which includes interest also. Hence interest is included in interest calculation. You can connect with me live in Accounting Friend lecture series on every Sunday morning at 11 am. So far 90 sessions are completed. Click here to register for free. accountingfriend.indradhanu.info
Nyc one👌
@IndradhanuAcademy
3 жыл бұрын
Thank you
Sir Cc loan main yearly koyee chargeg lagta hai kia? rply please
@IndradhanuAcademy
2 жыл бұрын
Yes. Apart from monthly interest, processing fees is charged annually. For better understanding, you can connect with me live in accounting friend lecture series. So far we have completed 109 sessions on 109 different topics. Click here to register for free. accountingfriend.indradhanu.info
Good 👍
@IndradhanuAcademy
3 жыл бұрын
Thank you for your feedback
Thank you so much sir
@IndradhanuAcademy
2 жыл бұрын
Most welcome. You canconnect with me live in Accounting Friend lecture series on every Sunday morning at 11 am. Today it's session no. 90. Click here to register for free. bit.ly/3xu1x54
intrest ke upper intrest kaise lagta hai bataye in cc account.
@IndradhanuAcademy
2 жыл бұрын
Interest is added to loan amount and then interest is calculated. You can connect with me live. Please register for free for accounting friend lecture series as accountingfriend.indradhanu.Info
Agar hum interest pay kr dete hai month k end me aur account balance zero ho matlab 1000000 limit as it is toh us case me interest p interest calculate honga ky sirr??? Plzz reply
@IndradhanuAcademy
2 жыл бұрын
Yes. Because interest is charged on daily balance at the end of the month. You are using bank's money for the whole month and repaying full amount on last day, interest will not be charged for last day only. For all other days of months interest will be charged.
❤❤❤❤❤
Sir excel main kaise karte hai with formula. Ek video baniye
@IndradhanuAcademy
4 жыл бұрын
क्या करते है ?
Sir Janna tha ki agar mai one time 500000 nikala cc account se to kitna din bad intrest ka intrest lagne lagta hai yani jaise ki chakrbirdhi bayaj.......
@IndradhanuAcademy
2 жыл бұрын
Interest metre starts on the same day of withdrawal. Ok. For understanding such matters in detail, you can connect with me live in Accounting Friend lecture series on every Sunday morning at 11 am. So far 105 sessions are completed on 105 new topics. Click here to register. accountingfriend.indradhanu.info
Sir how to calculate the overdraft account interest on monthly basis. Please make a video on that.
@IndradhanuAcademy
Жыл бұрын
The video you require is already there. I am pasting the link in second reply. You can connect with me live tomorrow morning at 11 am on 4th Dec. 22. I am conducting a live webinar on the topic "how to effectively conduct stock audit". Please click the link below and register for free. bit.ly/3ARvkco If you are viewing this after 4th Dec. 22, click here to register for accounting friend lecture series. We have conducted 111 sessions on 111 different topics. Click below and register for free. You will receive all invitations I'm future accountingfriend.indradhanu.info
Sir overdraft account loan baremein ek video kariye.
@IndradhanuAcademy
4 жыл бұрын
Ok
bht tagra sir
@IndradhanuAcademy
3 жыл бұрын
Thank you
🙏superb sir
@IndradhanuAcademy
2 жыл бұрын
Thank you for your feedback. For understanding such matters in detail, you can connect with me live in Accounting Friend lecture series on every Sunday morning at 11 am. So far 105 sessions are completed on 105 new topics. Click here to register. accountingfriend.indradhanu.info
how caculate interest rate?
@IndradhanuAcademy
3 жыл бұрын
Interest rate is not calculated. It is decided.
Next month ka b thoda calculation bata dijiye sir
@IndradhanuAcademy
2 жыл бұрын
For such matters, You can connect with me live in accounting friend lecture series. So far we have completed 109 sessions on 109 different topics. Click here to register for free. accountingfriend.indradhanu.info
Good
@IndradhanuAcademy
3 жыл бұрын
Thank you for your feedback
Nice
@IndradhanuAcademy
2 жыл бұрын
Thank you for your feedback
Can cash credit use for rent payment
@IndradhanuAcademy
2 жыл бұрын
Yes. 100% provided it is a business expenditure. For such matters you can connect with me live in accounting friend live lecture series. Click here to register for free. accountingfriend.indradhanu.info
Supre sir
@IndradhanuAcademy
3 жыл бұрын
Thank you. Your support motivates me to create more such videos.
Very nice explanation sir...🙏🙏🙏 Sir can we withdraw 10,00000rs on 1st day
Sir... Cc mey per day mey jo interest ah Raha hay... Next din ush interest ka upar interest lagega kay?
@IndradhanuAcademy
2 жыл бұрын
Interest is charged on monthly basis and not daily. Hence interest on interest is charged on monthly basis and not on daily basis. You can connect with me live in Accounting Friend lecture series on every Sunday morning at 11 am. This Sunday it will be session no 90. Click here to register for free. accountingfriend.indradhanu.info
@souravdas1151
2 жыл бұрын
@@IndradhanuAcademy thanku sir.... ❤️