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Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1904)
 Accounting General interview questions  Accounting General Interview Questions (2830)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4369)
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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  Question Asked @ Answers
 
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I have faced so many interview in top compinies and I have been asked, why are looking for change or why you want to leave your current employer or give the reason to leave the current company. So could you please advice what should be answer on these question, as i have been rejected so many time due these question. Accenture 4
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We offer fresh cut bank instrument for lease/sale, such as BG, SBLC, MTN, Bank Bonds, Bank Draft, T strips and other. Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options and we also discount/monetize BG's. This offer is open to both individuals and corporate bodies. If in need of our services, contact me for detail information. Thank you, Mr.Joe Duane email:jduane076@gmail.com Joeduane@consultant.com   2
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