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Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (157)
 Taxation interview questions  Taxation Interview Questions (1892)
 Accounting General interview questions  Accounting General Interview Questions (2781)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
what is the Difference between CC & OD accounts
 Question Submitted By :: Parvath Reddy
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is the Difference between CC & OD accounts
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
 
  Re: what is the Difference between CC & OD accounts
Answer
# 2
CC amount is added while od amount is rollover 
Is This Answer Correct ?    21 Yes 7 No
San
 
 
 
  Re: what is the Difference between CC & OD accounts
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
 

 
 
 
Other Accounting General Interview Questions
 
  Question Asked @ Answers
 
pls friends pass journal entry for purchase returns to x with example?   7
WHAT IS CRR, REPORATE, REVERSE REPO RATE FCI 1
companys act   2
When will the cash Book have a Credit Balance? Accenture 17
Why does closing stock does not appear in trial balance? LCCI 1
Please let me have the detailed answer about journal entry in tally and difference between sales and journal entry.   2
i wanted to know that how much percent TDS deducted any kind of works, like civil work and Electricals works, machinery, ducting work, security service,   5
FIXED Asset - What is the most used method/right method in Depreciation in India and other countries..? (ie., Straight line method,Written down value method. or etc.,). The calculation for depreciation how it stand commonly in all organization..? Is there any difference between companies and assets..? Your answer will be highly appreciated. Thanks in advance.   3
I need to know when you buy a asset on credit and your monthly instalment is $10000 in the books where and how do you record the outstanding liability the interest and the capital instalments.Secondly the deposit that you receive which you should still send back to the tenat where in the books do you record for entry and the contra entry.   1
What is the purpose of preparing a bank reconciliation and why is it necessary?   4
what do you mean by profit and loss appropriation account ? what is the use of preparing it? Syntel 1
Furniture is Destroyed in Fire ?? Where it will effect in Balance sheet ?? Focus 5
 
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