what is the Difference between CC & OD accounts

Answers were Sorted based on User's Feedback



what is the Difference between CC & OD accounts..

Answer / anil dogr

CC IS THE SHORT FORM OF CASH CREDIT ACCOUNT AND OD IS THE
SHORT FORM OF OVERDRAFT ACCOUNT.CASH CREDIT ACCOUNT IS
GENERALLY OPENED BY THE BANK FOR EXTENDING AGREED LIMIT OF
CASH WITHDRAWL WHERE AS OD IS OPENED FOR CLIENT FOR OVER
WITHDRAWL OF THEIR BANK BALANCE AND FOR BOTH OF THESE
ACCOUNT SECURITY IN SOME FORM IS GIVEN BY CLIENT TO BANK.

Is This Answer Correct ?    95 Yes 8 No

what is the Difference between CC & OD accounts..

Answer / san

CC amount is added while od amount is rollover

Is This Answer Correct ?    21 Yes 8 No

what is the Difference between CC & OD accounts..

Answer / ca sonal

HELLO FRNDS ACTUALLY ANS IS CASH CREDIT A/C IS U PAY SOME
CHARGES AND ON BASIS OF SECURITY ALSO U KEEP SOMETHING N
ENJOY CREDIT FACILITY , NO NEED OF ACCOUNT HAVING BALANCE,
BUT IN O/D U HAVE A/C HAVING BALANCE BT U WITHDRAW MORE DAN
THAT.

Is This Answer Correct ?    6 Yes 2 No

what is the Difference between CC & OD accounts..

Answer / ganesan

sorry i am not this case can you tell the clear answer

Is This Answer Correct ?    0 Yes 1 No

Post New Answer

More Accounting General Interview Questions

what is BRS

3 Answers  


Account for letter of credit in the books?

0 Answers  


What is book profit? How it was calculated

1 Answers  


if salary paid per month rs. 28000/- i will deduct tds from his salary please what i will do explain

1 Answers   Apollo,


What are the functions of manger -accounts and manager-finance? Explain in detail

0 Answers  






Tell us do you have any idea about service tax or excise?

0 Answers  


FIXED Asset - What is the most used method/right method in Depreciation in India and other countries..? (ie., Straight line method,Written down value method. or etc.,). The calculation for depreciation how it stand commonly in all organization..? Is there any difference between companies and assets..? Your answer will be highly appreciated. Thanks in advance.

3 Answers  


what is TDS what percentage its calculated

1 Answers  


definition of debenture ?

5 Answers  


Knowing what you know now, walk me through what you would do differently to drive even more success?

0 Answers  


Wha is difference between expenses and expenditure

0 Answers   Alshaya,


whcich difference between tally version 4.5, 6.5, 9.0, erp 9

9 Answers   Capital IQ,


Categories