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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
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 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 he difference between OD account and CC account
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
OD - OVERDRAFT

CC - CASH CREDIT

BOTH ARE BANKING FACILITY, YOU CAN MAKE USE OF IT

OD - YOU CAN GET AGAINST YOUR DEPOSIT AND ASSETS.

CC - YOU CAN GET ONLY ON YOUR ASSETS

DEPENDS UPON YOUR REQUIREMENT AND YOUR HOLDINGS (SECURITIES)
YOU CAN GET IT FROM THE BANKERS.

ANOTHER ONE IS THERE CALLED TOD - TEMPORARY OVERDRAFT
YOU CAN GET THIS WITH MANAGERS POWER FOR A DAY OR TWO DAYS
 
Is This Answer Correct ?    125 Yes 26 No
Raja
 
Answer
# 2
OD - OVERDRAFT

CC - CASH CREDIT

OD - Get our Bank Deposit(FDR) and Current Assets(Closing
stock and Sundry Debtors)

CC - Get only our Current Assets(Closing stock and Sundry
Debtors)its based on our DP ( Drawin power )
 
Is This Answer Correct ?    62 Yes 20 No
Jagan
 
 
 
Answer
# 3
cc cash credit are only assest
but od are deposit and asseset
 
Is This Answer Correct ?    42 Yes 8 No
Md Mishra
 
Answer
# 4
dear sir i happy with this bank. 
Is This Answer Correct ?    4 Yes 11 No
Chenna Gangadhar
 
Answer
# 5
in case no balance in account the adjust check to trader is called od account 
Is This Answer Correct ?    3 Yes 12 No
G,satish
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
Expand ________GHMC   1
Where we show Credit Card Account ( Credit Balance ) in Balance Sheet?   3
what is a marchant banking   2
When we deposits FBT? How to calculate FBT?   1
Expand---------RTSP   1
what is WIP? Genpact 3
You give a loan for your friend a 1000 rs he returns 600 rs and u have to close ur accounts what should u do to close the accounts? and given the journal entry for 400 rs?and where will the 400 rs come in new account and entry for that OPI-Global 11
After closing the financial year i.e. 31st march., you have received a teliphone bill on dated 1st april ( And the bill was for the month of 1 mar to 31st march i.e closing year's last month)what treatment you will do in current financial year and closing financial year. DLF 7
what is shadow balance? Reliance 1
How to treat the provision for bad debts which appear on credit side of the p&L A/c. Capital-IQ 6
what is difference between private firm and partnership firm? Allianz 1
what is Book Keeping Capital-IQ 11
 
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