Dr. Charles Simonyi is the Father of Modern Microsoft Excel                                           JavaScript was originally developed by Brendan Eich of Netscape under the name Mocha, later LiveScript, and finally renamed to JavaScript.                                           The word "Biology" is firstly used by Lamarck and Treviranus                                           Hippocrates (460-370 bc) is known as father of medicine.                                           Galene, 130-200 is known as father of Experimental Physology                                           Aristotle (384-322 BC) is known as Father of Zoology because he wrote the construction and behavior of different animals in his book "Historia animalium"                                           Theophrastus(370-285 BC) is known as father of Botany because he wrote about 500 different plants in his book "Historia Plantarum".                                           John Resig is known as Father of Jquery -                                          HTML is a markup language which is use to design web pages. It was invented in 1990 by Tim Berners-Lee.                                                                The Google was founded by Larry Page and Sergey Brin.                                                                Rasmus Lerdorf was the original creator of PHP. It was first released in 1995.                                                               Facebook was founded by Mark Zuckerberg                                                               Bjarne Stroustrup, creator of C++.                                                                Dennis Ritchie creator of C                                                                                                                              James Gosling, also known as the "Father of Java"                                          At 11.44%, Bihar is India's fastest growing state                                          Father of HTML -Tim Berners Lee                                          orkut was created by Orkut Büyükkökten, a Turkish software engineer                    Photoshop: It came about after Thomas Knoll, a PhD student at the University of Michigan created a program to display grayscale images on a monochrome monitor which at the time was called 'Display'.

Interest Calculation

Tally 9 gives you the very good facility of automatically calculation of interest on the the basis of information given by the tally user at the time of making of ledger. After this tally user can see the effect of interest collected against every ledger and every transaction. In tally 9 we can calculate both simple and compound interest. There are following steps for interest calculations in tally 9

1st step 

Open tally 9 , and go to features F11 button and click it and yes in the front of activate interest calculation and advance parameters . After doing this interest calculation button will activate and accept the feature form. This is the first step which you have to pick up .


2nd step 

This step divided in to two part ,
First part At the time of creation of ledger
If you have not made the ledger then go to Account info → ledger → create → write yes in the front of activate interest calculation and set the the internal setting


2nd Part 

Select Ledger from ‘Accounts Info' →Ledger → Alter → select any ledger for which interest calculation has to be activated set interest calculation to yes → now provide information regarding rate of interest (%) and style as per requirements → accept the this created ledger.

Now tally 9 automatically calculate for amount receivable or amount payable

You feel tension free and just view the report

by following steps

Tally automatically calculates interest for ledgers for which interest calculations is activated. To view report,

In the gateway
select Display → Statement of Accounts → Interest Calculations → select Receivables / Payables or ledger wise.

Benefit of calculation of interest through tally 9

1. If you forget to take or give any interest , by seeing the report of interest calculation , you can remember what amount should pay.
2. This interest is corrected amount because of tally 9 database calculation.
3. This calculation of interest is very suitable for bank loan , personal loan or general business loan's interest .
4. Parameters of calculation of interest is very nice because different type of users need different type of interest calculation parameter . Some may interested to calculate interest on current credit balance or some may interest on total amount but tally 9 provide both facility in parameters of calculation of interest .


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