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What Entries come under Bank OCC A/c. & Bank OD A/c. ?

Question Posted / sanjub

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What Entries come under Bank OCC A/c. & Bank OD A/c. ?..

Answer / satyanarayana raju

Bank OCC-Open Cash Credit
Bank Od-Over draft
Both are loan accounts
Always Bank OCC or OD accounts shows Credit Balance
Bank current account will always show Debit Balance
You will come across Interest on loan account in Loan
account and where as you will not find such entry

Is This Answer Correct ?    160 Yes 12 No

What Entries come under Bank OCC A/c. & Bank OD A/c. ?..

Answer / anil gautam

bank occ a/c dr. to
bank od a/c

Is This Answer Correct ?    78 Yes 39 No

What Entries come under Bank OCC A/c. & Bank OD A/c. ?..

Answer / rajith

bank a/c dr
to bank od cr


bank od a/c dr
to bank a/c

bank occ a/c dr
to bank a/c

Is This Answer Correct ?    42 Yes 16 No

What Entries come under Bank OCC A/c. & Bank OD A/c. ?..

Answer / prakash

plz tell me explain of bank OD a/c

Is This Answer Correct ?    24 Yes 4 No

What Entries come under Bank OCC A/c. & Bank OD A/c. ?..

Answer / madhu bala

Bank OCC -Open Cash Credit
Bank OD - Overdraft
Both Account shows Credit balance
We can withdraw money but pay some charges as per bank conditions

Is This Answer Correct ?    17 Yes 2 No

What Entries come under Bank OCC A/c. & Bank OD A/c. ?..

Answer / mohit kumar

plz tell me explain of bank OD a/c

Is This Answer Correct ?    0 Yes 0 No

What Entries come under Bank OCC A/c. & Bank OD A/c. ?..

Answer / pavithra kirubanandhan

OCC facility avail only against your Current Assets But OD facility avail against your deposits

Is This Answer Correct ?    3 Yes 4 No

What Entries come under Bank OCC A/c. & Bank OD A/c. ?..

Answer / virender

BOTH ARE USED FOR THE BANK LIMITS

AS THE NAME OCC YOU CAN WITHDRWA AMT.

INTT. WILL BE TAKEN ON WITHDRAWAL

OCC, OD A/C BOTH WILL ALWAYS CR.

O FOR OPEN
C FOR CREDIT
C FOR CREDIT

O FOR OVER
D FOR DRAFT

Is This Answer Correct ?    19 Yes 48 No

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