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Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
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 Accounting General interview questions  Accounting General Interview Questions (2844)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4376)
Question
what is the Difference between CC & OD accounts
 Question Submitted By :: Accounting-General
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
CC IS THE SHORT FORM OF CASH CREDIT ACCOUNT AND OD IS THE
SHORT FORM OF OVERDRAFT ACCOUNT.CASH CREDIT ACCOUNT IS
GENERALLY OPENED BY THE BANK FOR EXTENDING AGREED LIMIT OF
CASH WITHDRAWL WHERE AS OD IS OPENED FOR CLIENT FOR OVER
WITHDRAWL OF THEIR BANK BALANCE AND FOR BOTH OF THESE
ACCOUNT SECURITY IN SOME FORM IS GIVEN BY CLIENT TO BANK.
 
Is This Answer Correct ?    88 Yes 7 No
Anil Dogr
 
Answer
# 2
CC amount is added while od amount is rollover 
Is This Answer Correct ?    21 Yes 7 No
San
 
 
 
Answer
# 3
HELLO FRNDS ACTUALLY ANS IS CASH CREDIT A/C IS U PAY SOME
CHARGES AND ON BASIS OF SECURITY ALSO U KEEP SOMETHING N
ENJOY CREDIT FACILITY , NO NEED OF ACCOUNT HAVING BALANCE,
BUT IN O/D U HAVE A/C HAVING BALANCE BT U WITHDRAW MORE DAN
THAT.
 
Is This Answer Correct ?    4 Yes 2 No
Ca Sonal
 

 
 
 
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