What is he difference between OD account and CC account

Answer Posted / 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



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