Sample Account to show Interest Calculation
Closing balance for the year 2009-10 = Rs. 54524/-
| Month of Credit |
Month of Deposit |
Subscription |
Refund |
Extra Crs. |
|
With drawals |
Type |
Cumulative Balance |
| |
Apr-10 |
1000 |
|
|
|
|
|
55524 |
| May-10 |
May-10 |
1000 |
|
|
|
|
|
56524 |
| Jun-10 |
Jun-10 |
1000 |
|
|
|
|
|
57524 |
| Jul-10 |
Jul-10 |
1000 |
|
452 |
DA |
|
|
58976 |
| Aug-10 |
Aug-10 |
1000 |
|
|
|
|
|
59976 |
| Sep-10 |
Sep-10 |
2000 |
|
|
|
|
|
61976 |
| Oct-10 |
Oct-10 |
2000 |
|
|
|
25000 |
TA |
38976 |
| Nov-10 |
Nov-10 |
2000 |
500 |
658 |
DA |
|
|
42134 |
| Dec-10 |
Dec-10 |
2000 |
500 |
|
|
|
|
44634 |
| Jan-11 |
Jan-11 |
2000 |
500 |
|
|
|
|
47134 |
| Feb-11 |
Feb-11 |
2000 |
500 |
|
|
|
|
49634 |
| Mar-11 |
Mar-11 |
2000 |
500 |
|
|
|
|
52134 |
| |
Total : |
19000 |
2500 |
1110 |
|
25000 |
|
625146 |
| Opening Balance |
54524 |
|
| Deposits |
22610 |
|
| Interest |
4532 |
|
| Total |
81666 |
|
| Withdrawal |
25000 |
|
| Closing Balance |
56666 |
|
