LET ME KNOW WHAT IS THE PROCESS FOR CUSTOMER INTEREST
CALCULATION KINDLY EXPLIAN THE REQ. STEPS
Answer Posted / babai
Here are steps for customer interest calculation:
1. Define terms of payments:
T.code: OBB8
path: img ->fin. accting -> AP AR :-> Business
transactions :->outgoing invoice and credit memo :->
maintain terms of payment
2. Define Interest Cal indicators / type:
T.code: ob46
path: img ->fin. accting -> AP AR :-> Business
transactions :-> interest calculation global settings :->
define interest cal types
here in int cal type select 'p' for int cal on line items
3. Make Interest Indicator Available to Interest Run
Program:
T.Code: ob82
path: img ->fin. accting -> AP AR :-> Business
transactions :-> interest calculation global settings :->
prepare int. on arreas
4. Create Reference Interest Rate:
T.code: OBAC
path: img ->fin. accting -> AP AR :-> Business
transactions :-> interest calculation :-> interest
calculation -> define reference interest rate
5. Assign interest indicators to ref. int rate or define
time dependant terms:
T.code: ob81
path: img ->fin. accting -> AP AR :-> Business
transactions :-> interest calculation :-> interest
calculation -> define time dependant terms
here in sequnece # always use 1 for line item interest
6. Interest calculation account assignment:
Here we will mention how and which accounts the interest
program should post.
T.code: obv1
path: img ->fin. accting -> AP AR :-> Business
transactions :-> interest calculation :-> interest posting -
> prepare interest on arreas calculation (customers)
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WHAT IS PROSPECTUS?
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900