Answer / amit kumar tiwari

OCC A/C-Open cash credit (OCC) Account is a kind of bank
account which basically serves to small & medium
enterprises (SME). An OCC account holder can have cash
credit facility against his stocks & receivables. Different
banks and financial institutions have different criterion
to assess the limit of an OCC account. In a majority of
cases, the OCC limit is calculated depending upon turnover
of the SME.

Answer / nilesh

OCC means over Cash credit facilities which is given by bank
to Business to run business smoothly. The bank this
facilities is given when calculated considered the sundry
debtors and stock. the specific rate charged by bank on this
facilities.

What is process of Vendor Reconciliation and which items will be Add and Less from ad per customer books likes step by step 1-Credit Note shown in vendor a/c but not booked in our a/c- Add or Less 2-Debit Note not shown in vendor a/c but booked in our a/c - Add or Less 3-Invoices not booked in our a/c but shown in vendor a/c- Add or Less 4-Payment booked in our books but not shown vendor- Add or Less If our balance is plus or minus rules is same. like 20000, (-20000) Sir, Provide your mobile n for clarify

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