1)THE INTEREST IS CALCULATED ON THE ACCOUNT BALANCE 2)ITEM INTEREST CALCUL

What is the configuration of 1) Balance Interest Calculation
2)Item Interest Calculation. Why to use it? & What is the
differece in between.?

Question Posted / nazeer ahammed

Answer Posted / nazeer ahammed

1)THE INTEREST IS CALCULATED ON THE ACCOUNT BALANCE
2)ITEM INTEREST CALCULATION IS CALCULATED ON ITEM DUE DATE.

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