What Entries come under Bank OCC A/c. & Bank OD A/c. ?
Answer Posted / 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 |
Post New Answer View All Answers
What is back value adjustment/correction in Nostro Reconciliations?
How goodwill is accounted for the first time in a company .
What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?
what is composition vat
What is Compliance?
Difference between nonoperating expentiture and non cash expenditure
Nature of training account with reason
Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry
What is the Memorandum voucher?
what is transposition-cum-demat?
HOW I CAN PREPARE A BALANCE SHEET OF A COMPANY ?
purchase car from toyota innova 50000 cheque from one firm and 449893 from other firm.... and 1350000 loan saction from kotak mahindra.....how can entry make with interest
what type of questions are asking for fund administration???
what is mean by traditional accounting ?
barwaha