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Loan Amount: $ Interest Rate: % Number of Years: Monthly Payment: $ Total Interest: $ Number of Monthly Installments:  Free Loan Calculator Tool (Explanation): Loan is a sum of money borrowed from the lenders. lenders are Banks, Finance, Government, many others. The money required to you are paid by the lenders in return of some rate of interest and charges of loan. In this the repayment of loan to the lenders include interest also thus, this may get little bit complicate. Therefore Edaccountancy Free Loan Calculator Tool helps you to get the loan interest Total, Monthly Payment and Number of Monthly Installments of repayment of loan.

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  Introduction to ledger account: Maintain accounts of business is need some accounts formats methods knowledge. Accounts has a process, that all the transactions were records in proper order in the books. Thus, in the process we first prepare Journal, after journal we have to prepare ledger accounts, now what is ledger account?

  INTRODUCTION OF ACCOUNTING JOURNAL: In a running business large number of transaction done in money and without money. Businessman involves so many activities of business in a day. It is not possible for them to remember each activities. Therefore they record the transactions in the Journal book. Journal Book has each records of business transaction, every kind of transactions. Journal Books is also know as Original Book. Recording of transaction in Journal have a systematic way, a proper format have to follow for recording.