1. Categories >> Accounting >> Accounting AllOther
  2. Suggest New Category

What Entries come under Bank OCC A/c. & Bank OD A/c. ?

Question Posted / sanjub

Answers were Sorted based on User's Feedback



What Entries come under Bank OCC A/c. & Bank OD A/c. ?..

Answer / satyanarayana raju

Bank OCC-Open Cash Credit
Bank Od-Over draft
Both are loan accounts
Always Bank OCC or OD accounts shows Credit Balance
Bank current account will always show Debit Balance
You will come across Interest on loan account in Loan
account and where as you will not find such entry

Is This Answer Correct ?    160 Yes 12 No

What Entries come under Bank OCC A/c. & Bank OD A/c. ?..

Answer / anil gautam

bank occ a/c dr. to
bank od a/c

Is This Answer Correct ?    78 Yes 39 No

What Entries come under Bank OCC A/c. & Bank OD A/c. ?..

Answer / rajith

bank a/c dr
to bank od cr


bank od a/c dr
to bank a/c

bank occ a/c dr
to bank a/c

Is This Answer Correct ?    42 Yes 16 No

What Entries come under Bank OCC A/c. & Bank OD A/c. ?..

Answer / prakash

plz tell me explain of bank OD a/c

Is This Answer Correct ?    24 Yes 4 No

What Entries come under Bank OCC A/c. & Bank OD A/c. ?..

Answer / madhu bala

Bank OCC -Open Cash Credit
Bank OD - Overdraft
Both Account shows Credit balance
We can withdraw money but pay some charges as per bank conditions

Is This Answer Correct ?    17 Yes 2 No

What Entries come under Bank OCC A/c. & Bank OD A/c. ?..

Answer / mohit kumar

plz tell me explain of bank OD a/c

Is This Answer Correct ?    0 Yes 0 No

What Entries come under Bank OCC A/c. & Bank OD A/c. ?..

Answer / pavithra kirubanandhan

OCC facility avail only against your Current Assets But OD facility avail against your deposits

Is This Answer Correct ?    3 Yes 4 No

What Entries come under Bank OCC A/c. & Bank OD A/c. ?..

Answer / 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

More Accounting AllOther Interview Questions

Fill in the blank Profits capital

2 Answers  

What is the entry for forfeiture of shares?

6 Answers   Capital IQ,

What is debit side of dividend?

2 Answers   Franklin Templeton,

can you define exogenity endogenity both terms are from economics both are different from exogenous & endogenous variables. I can not find the answers. please help if you can....

0 Answers   HCL,

Let me know rgarding the registration of partnership firm

1 Answers   Wipro,




In telephronic round i would like to know what questions will be asked to a person and how we should answer it?

1 Answers  

Explain Hybrid system of accounting

1 Answers  

if any one accounts and finance books please inform me through email rbharath1978@gmail.com please

1 Answers  

How much is the need for journals in accounting?

1 Answers  

what difference between current cost and current value?

1 Answers  

Give me the asset revaluation (at the time of asset value increase & decrease) journal entrys?

0 Answers  

What is the basic difference between cash flow statement and funds flow statement

1 Answers  

For more Accounting AllOther Interview Questions Click Here
Categories