What is he difference between OD account and CC account
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Answer / raja
OD - OVERDRAFT
CC - CASH CREDIT
BOTH ARE BANKING FACILITY, YOU CAN MAKE USE OF IT
OD - YOU CAN GET AGAINST YOUR DEPOSIT AND ASSETS.
CC - YOU CAN GET ONLY ON YOUR ASSETS
DEPENDS UPON YOUR REQUIREMENT AND YOUR HOLDINGS (SECURITIES)
YOU CAN GET IT FROM THE BANKERS.
ANOTHER ONE IS THERE CALLED TOD - TEMPORARY OVERDRAFT
YOU CAN GET THIS WITH MANAGERS POWER FOR A DAY OR TWO DAYS
| Is This Answer Correct ? | 142 Yes | 34 No |
Answer / jagan
OD - OVERDRAFT
CC - CASH CREDIT
OD - Get our Bank Deposit(FDR) and Current Assets(Closing
stock and Sundry Debtors)
CC - Get only our Current Assets(Closing stock and Sundry
Debtors)its based on our DP ( Drawin power )
| Is This Answer Correct ? | 73 Yes | 22 No |
Answer / md mishra
cc cash credit are only assest
but od are deposit and asseset
| Is This Answer Correct ? | 53 Yes | 11 No |
Answer / g,satish
in case no balance in account the adjust check to trader is called od account
| Is This Answer Correct ? | 7 Yes | 17 No |
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