Go to Gateway of Tally> Display >
Statements of Accounts > Interest Calculations > Group
a Group, E.g. Loans (Liability)
The Cr in the interest amount should not be
confused to mean an Income. It only means that it is payable and is a
ease interest recording, Tally.ERP 9 has an interest template, a special
voucher class in Debit Note and Credit
down to the Ledger level Interest report.