Question

What is debit interest and credit interest in balance interest calculation in sap theory?

Answer 1

heya meta here is ur answer ✌️✌️
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Debit Interest Balance Interest - This means the interest which we are entitled to receive from the bank for the debit balancemaintained in the bank account.
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 Credit Interest Balance Interest - This means theinterest which we are due to pay to the bank for the overdrawn amount.
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There are two defined interest calculation types in the SAP System. ..✍️✍️
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. System defined variant for balance interest calculation type is „S‟ and item interest calculation type is „P‟.
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hope it helps u❤️❤️
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Balance interest type calculation is used for G L Accounts. Item interest type calculation is used for vendors and customers.